SCMDOJO

JULY 3, 2023

Procurement training equips you to excel in the corporate world by teaching you everything from supplier dynamics to negotiating strategies. What is procurement and purchasing Lesson 2. Role and influence of procurement function in the company Lesson 4. Tasks for procurement in the companies Lesson 5.

Purchasing Training 78

Purchasing Training Negotiating Skills Buyer Training Manufacturing Procurement 78

4WL Consulting

MARCH 17, 2016

Working with a managed transportation services provider (3PL) is an excellent way for shippers to improve their logistics operation and reduce costs. Any company outsourcing clearly expects the solution to be more cost effective than doing the work in-house. Do they have the buying power? What’s the ROI?

3PL 100

3PL Negotiating Skills Logistics Network Optimization Software Eliminating Excel in Purchasing 100

GlobalTranz

APRIL 16, 2018

There is no doubt, that the retail landscape is increasingly looking like an online one as traditional brick-and-mortar retailers, such as Toys R Us, Foot Locker, and Best Buy mobile shutter hundreds of stores unable to keep up with the changing customer that wants fast, free delivery all with just a click of a button. trillion, a 3.8

Prescriptive Analytics Software 161

Prescriptive Analytics Software Supply Chain Planning Software Retail Analytics Software 161

GlobalTranz

OCTOBER 20, 2017

eCommerce is growing by rates in excess of 300 percent, reports McKinsey and Company via Business of Fashion, especially in emerging markets. It can include assembly and installation, furniture repair, pickups, and exchanges, reports Brian Straight of Freight Waves. White glove service. If personalized service.

Logistics Network Optimization Software 122

Logistics Network Optimization Software Logistics Procurement Analytics Cost Reduction Strategies 122

Unleashed

DECEMBER 2, 2020

A carefully calculated reorder point is therefore critical to good stock control, and keeps your key metrics looking healthy for your next inventory report. Calculating the reorder point in Excel. Calculating the reorder point in Excel – a caveat. For example, Bryson manages a bike distribution company.

Procurement Analytics 85

Procurement Analytics Manufacturing Procurement Inventory Management Software Procurement Solutions 85

SCMDOJO

JULY 24, 2023

Contract logistics is a specialized service offered by third-party logistics (3PL) providers to manage supply chain operations on behalf of a company. The relationship between the company and the 3PL provider in contract logistics extends beyond traditional transactional arrangements.

Logistics Network Optimization Software 90

Logistics Network Optimization Software Optimal Sourcing Negotiating Skills Inventory Management Software 90

Supply Chain Game Changer

MARCH 26, 2021

Here are 5 ways that a company can reduce operational expenses for fleet management. Many companies work on a regular cycle where they invest in new high ticket equipment, whether it’s air conditioning units, vehicles, generators or something else. Companies should consider doing a repair and replace analysis.

Cost Reduction Strategies 98

Cost Reduction Strategies Expense Reduction Resource Reduction Price Reduction 98

Supply Chain Shaman

DECEMBER 13, 2015

There is no system of record for data over time, and the use of a portal gives the posting company a false sense of effectively communicating. Today, 7% of order and purchase order flows move through business networks. No company can send more than two attendees and the session will cover a day and a half. (No What do you think?

Manufacturing Procurement 150

Manufacturing Procurement Procurement Analytics Supply Chain Network Software Procurement Solutions 150

Supply Chain Shaman

SEPTEMBER 3, 2015

Companies need to carefully manage the asset and mitigate the waste. Each company is different. While I agree that companies need to right size inventory to maximize ROIC and improve customer service, there are many underlying decisions that I feel many companies do not make consciously. Inventory is both. My Insights.

Waste Reduction 150

Waste Reduction Inventory Reduction Inventory Optimal Sourcing 150

Supply Chain Game Changer

OCTOBER 1, 2022

Having an excellent business fleet is one of the secrets of highly successful companies. A functional digital tachograph can measure significant metrics like speed, driving time, and driver’s activity. Transportation can result in higher company expenses if you don’t track them well.

Supply Chain Software 97

Supply Chain Software Logistics Network Optimization Software Procurement Solutions Tools 97

GlobalTranz

JUNE 18, 2015

So, many suppliers utilize outside logistics management to ensure customers remain fully satisfied and continue to repeat purchasing. Companies that integrate reverse logistics systems into their logistics systems distinguish themselves from competitors in: effective management of inventory availability and cost. customer satisfaction.

Reverse Logistics 120

Reverse Logistics Optimization Software Demand Planning Software Supply Chain Network Software 120

Zipline Logistics

MARCH 18, 2020

Sam’s Club stepped up its on-time, in-full (OTIF) expectations for its suppliers and, in some instances, exceeded standards set by its parent company, Walmart. While the company has yet to fine suppliers for missing delivery requirements, it could do so soon. How is OTIF Calculated at Sam’s Club? Why Does OTIF Matter?

Vendor Strategies 52

Vendor Strategies Procurement Analytics Buyer Training Supply Chain Planning Software 52

ThroughPut

FEBRUARY 23, 2024

With so many changing variables, excel sheets or human intervention alone can’t gain the level of visibility needed to forecast the future. In short, AI for demand forecasting facilitates the creation of an agile ecosystem where companies can predict demand in real-time and can quickly adapt to meet the changing demands of their customers.

Predictive Analytics Software 59

Predictive Analytics Software Supply Chain Planning Software Optimal Sourcing Predictive Analytics 59

GlobalTranz

MAY 4, 2016

Nearly every company offers some sort of discounted shipping plan for large purchase orders, and more customers are demanding faster delivery at a reduced rate. Federal Power Over Freight Management KPIs. Freight Management KPIs are undoubtedly the most important metrics to track and understand.

Freight 120

Freight Procurement Analytics Sourcing Strategies Cost Reduction Strategies 120

Logistics Bureau

NOVEMBER 16, 2020

In addition, it is entirely possible to make significant career changes within the sector—and, conceivably, even within the same company. For example, a member of the sales team could apply to become a purchasing agent, based on her experience of negotiating sales deals. Sea Change—A Supply Chain Career is now seen as ‘Cool’.

Supply Chain Planning Software 96

Supply Chain Planning Software Supply Chain Design Software Negotiating Skills Buyer Training 96

DAT Solutions

MAY 7, 2018

That's my main takeaway from the Dry Van Freight Barometer for April. Above is a summary of the DAT Freight Barometers for April. I've studied the transportation sector for decades, mostly as a financial analyst, and I regularly advise transportation company executives and investors on stock purchases.

Capacity 70

Capacity Freight Purchasing Skills Procurement Analytics 70

ShipBob

NOVEMBER 6, 2023

An inventory audit is defined as the process of checking a company’s actual inventory levels against their financial records to ensure accurate inventory accounting. Inventory audits can be performed by the company or an outside auditor to identify any problems with the inventory storage and accounting methods a company is using.

Inventory Reduction 52

Inventory Reduction Inventory Inventory Management Software Forecasting Software 52

Supply Chain Shaman

MARCH 21, 2022

Deaths in Hong Kong are at a record level as COVID outbreaks slow freight at Shenzhen and Qingdao ports in China. Very little freight is moving with prices skyrocketing and many rerouting containers to Ningbo. Very little freight is moving with prices skyrocketing and many rerouting containers to Ningbo.

Modeling 276

Modeling Supply Chain Planning Software Supply and Demand Supply Chain Design Software 276

American Global Logistics

SEPTEMBER 26, 2023

However, the companies mentioned below have shown this approach yields real business benefits. By providing exceptional end-to-end customer experiences, these companies foster loyalty, stimulate repeat business, and reduce customer turnover. That's why companies must differentiate themselves beyond product features and pricing.

Procurement Analytics 52

Procurement Analytics Expense Reduction Cost Reduction Strategies Price Reduction 52

The Logistics of Logistics

FEBRUARY 22, 2013

The LTL carrier scorecard with key process indicators (KPI) is an excellent tool for measuring and managing LTL performance and LTL carrier performance. Perhaps this is why, so many LTL shippers make purchasing decisions based on price alone. Key Process Indicators vs. Metrics. Advantages of Using an LTL Carrier Scorecard.

Cost Reduction Strategies 101

Cost Reduction Strategies KPI Price Reduction Expense Reduction 101

synchrono

DECEMBER 18, 2017

So, once you have universal buy-in on the project (see Guest Blog1: Real-world Advice for Getting Started on eKanban ), the first step toward execution is to develop a good process, or value-stream map. Metrics typically associated with eKanban projects include: Inventory turns/Inventory cost. Freight costs. Stock buffer health.

Inventory Reduction 104

Inventory Reduction Waste Reduction Expense Reduction Vendor Strategies 104

The Logistics of Logistics

DECEMBER 2, 2012

Highly effective shippers realize that purchasing decisions should be based on value, not just cost. The best value combines a good price, with excellent on time performance and great service. Excellent communication. A highly effective shipper will use metrics or key process indicators (KPIs) to monitor logistics performance.

Logistics Network Optimization Software 225

Logistics Network Optimization Software Pricing Training Continuous Improvement Purchasing Skills 225

The Lean Supply Chain

JULY 7, 2015

The other software companies that sell YMS below, sell it in conjunction with a Warehouse Management System (WMS) and Transportation Management System (TMS) so there is no way to gauge those YMS sales as they could be with, or without, the YMS system depending on the customer’s needs. Cloud (the Internet) is what most every YMS user wants.

Supply Chain Planning Software 40

Supply Chain Planning Software Supply Chain Design Software Modeling Software Demand Planning Software 40

Tailwind

JULY 23, 2018

He shared some metrics with me from another sector of software that were quite startling to me. You will also need Excel to manage some of the other data you have in the business – your assets, partnership lists etc. They are buying, for lack of a better word – the ‘Synchronicity’ of the business!

Data 32

Data Eliminating Excel in Purchasing Just-in-Time Software 32

Supply Chain Shaman

OCTOBER 7, 2012

It is a goal for 87% of companies, but only 27% of organizations feel that they have met their internal goals to achieve agility. Companies that are agile try to minimize the need for cycle stock and use discipline in run out of seasonal/promotional inventories. Companies that have implemented ATP well rate themselves more agile.

Supply Chain Design Software 226

Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing Inventory Reduction 226

Unleashed

DECEMBER 6, 2021

Such information should include pricing (including quantity pricing and quantity discounts), purchase currency, margins, transaction histories, and key contact information. It also means you can connect your front-end to the back – i.e. inventory management – which ensures that your customers don’t buy items that you don’t have in stock.

Inventory Management Software 98

Inventory Management Software Supply Chain Design Software Supply Chain Planning Software Analytics Software 98

6 River Systems

DECEMBER 11, 2018

Create an adaptive unified buying process. “If you look at the typical buying process, it is bifurcated based on geography. If I am going to buy goods from this geography, then I use this process. Logistics personnel and supplier management pointers. Tips for improving customer experience.

Inventory Reduction 75

Inventory Reduction Cost Reduction Strategies Resource Reduction Sourcing Strategies 75

ShipBob

NOVEMBER 15, 2021

As expert logisticians, these companies have mastered how to execute logistics functions quicker, cheaper, and more efficiently than most ecommerce businesses could on their own — and as your partner, their techniques will save you time and money. If you outsource logistics, the right 3PL will also drive savings for your supply chain.

Supply Chain Planning Software 98

Supply Chain Planning Software Logistics Network Optimization Software Material Savings Negotiating Skills 98

3rdwave

JANUARY 23, 2019

Logistics is a highly procedural function with clearly defined responsibilities and performance metrics. The use of spreadsheets or siloed databases for Logistics data management is a tell-tale sign that a company is a laggard in its handling of critical information. System driven audit support – for freight audit management.

Logistics Network Optimization Software 86

Logistics Network Optimization Software Transportation Optimal Sourcing Logistics 86

6 River Systems

APRIL 4, 2019

RFID tags and robotic warehouse systems generate and transmit data that, when combined with other data sources, allow companies to optimize the supply chain and make better predictions and forecasts to improve efficiency and boost the bottom line. In 2019, gathering unique data will be more prominent in the brains of logistic companies.

Logistics Network Optimization Software 76

Logistics Network Optimization Software Supply Chain Design Software Supply Chain Software Supply Chain Planning Software 76

6 River Systems

JUNE 29, 2020

. “When US–China trade tensions flared last year, leading companies already started to rethink the cost of network risk and invest in more resilient supply chains. Flexible networks help companies adjust quickly in times of stress. Get to know your potential suppliers. MIT Sloan Management Review; Twitter: @mitsmr 7.

Supply Chain Planning Software 116

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Modeling 116

Supply Chain Game Changer

NOVEMBER 25, 2018

I don’t for one second deny that the companies on the list have great supply chains, but there are so many advances in Supply Chain technology, talent, skills and capabilities that it is hard to believe that all of this excellence is restricted to the same group of 20 companies year after year after year. Peer Opinion 1.

Gartner 60

Gartner Supply Chain Design Software Supply Chain Software Supply Chain Design 60

3rdwave

JANUARY 23, 2019

Logistics is a highly procedural function with clearly defined responsibilities and performance metrics. The use of spreadsheets or siloed databases for Logistics data management is a tell-tale sign that a company is a laggard in its handling of critical information. System driven audit support – for freight audit management.

Logistics Network Optimization Software 40

Logistics Network Optimization Software Transportation Optimal Sourcing Logistics 40

6 River Systems

DECEMBER 13, 2019

Not only does warehouse optimization result in a healthier bottom line, but it also improves key warehouse metrics like accurate orders and on-time delivery. What’s more, the company reduced new hire training time by 10 days. “Some companies believe that more space means better storage, but that’s not always the case.

Optimal Sourcing 81

Optimal Sourcing Optimization Software Price Mitigation Strategies Modeling 81

6 River Systems

JULY 25, 2019

Effective supply chain management offers numerous benefits for companies, so overcoming challenges to keep things running smoothly is a top priority for supply chain professionals. Calloway Cook Calloway Cook is the Founder of Illuminate Labs , a dietary supplement company that does business differently.

Supply Chain Planning Software 96

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Strategy 96

GlobalTranz

DECEMBER 18, 2015

As we head into 2016, we are featuring our most read articles of 2015 in our five main categories: Manufacturing, Supply Chain, Logistics, Transportation Management, and Freight. No Purchase Orders were used. When someone hears the company name "Walmart" several things come to mind from a pop culture standpoint.

Agile and Lean Supply Chain 120

Agile and Lean Supply Chain Supply Chain Strategy Supply Chain Software Supply Chain Optimization 120

Supply Chain Game Changer

JANUARY 14, 2020

I don’t for one second deny that the companies on the list have great supply chains, but there are so many advances in Supply Chain technology, talent, skills and capabilities that it is hard to believe that all of this excellence is restricted to the same group of 20 companies year after year after year. The Methodology.

Gartner 10

Gartner Supply Chain Design Software Supply Chain Software Supply Chain Design 10