The Logistics of Logistics

SEPTEMBER 25, 2023

Paul is the Founder and Chief Strategy Officer of Verusen , a supply chain intelligence platform, purpose-built to help manufacturers streamline their MRO supply and materials management. About Paul Noble As Founder and Chief Strategy Officer of Verusen, Paul Noble oversees the company’s vision and strategic direction.

Optimal Sourcing 263

Optimal Sourcing Material Savings Sourcing Strategies Inventory Reduction 263

Synovos

FEBRUARY 12, 2024

Demystifying MRO Inventory Optimization The goal of MRO inventory optimization is to utilize the products and materials held on or across sites as effectively as possible. Ensuring that you have what you need available when required helps eliminate excess stock and reduce inventory carrying costs. How do you achieve this?

Inventory Reduction 52

Inventory Reduction Price Mitigation Strategies Material Savings Optimization Software 52

GlobalTranz

DECEMBER 22, 2020

To help shippers prepare, we will examine contributing factors that will play a significant role in the 2021 truckload freight market. Consumer Spending Shifts Will Continue To Impact The Truckload Freight Market. Rethink Inventory. Tips for Controlling Truckload Freight Costs in 2021. Rather than focus on regional D.C.s,

Forecasting 156

Forecasting Forecasting Software Freight Inventory Reduction 156

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.

Inventory Reduction 98

Inventory Reduction Inventory Supply Chain Planning Software Company 98

Freightos

SEPTEMBER 8, 2020

And the lack of demand visibility is a big contributor to China-US ocean freight rates doubling to the West Coast since June, and passing $4,000/FEU to the East Coast – which was surprising as most analysts thought that rates and profits would freefall. Is ocean freight pricing broken? Was it profiteering? It worked. .

Purchasing Skills 218

Purchasing Skills Price Reduction Freight Supply Chain Software 218

The Logistics & Supply Chain Management Society

FEBRUARY 15, 2021

And the lack of demand visibility is a big contributor to China-US ocean freight rates doubling to the West Coast since June, and passing USD4,000/FEU to the East Coast – which was surprising as most analysts thought that rates and profits would freefall. Is ocean freight pricing broken? Was it profiteering? And it can be fixed.

Purchasing Skills 217

Purchasing Skills Price Reduction Freight Supply Chain Software 217

Freightos

JUNE 6, 2023

The Initial Hurdle: 2021’ Freight Fiasco During the COVID-19 pandemic, Conor from Fort Toys , like many other entrepreneurs, found himself dealing with skyrocketing demand… and skyrocketing freight costs. This was terrible news for a company now on the hook to ship to kids who were suddenly cooped up and hankering for a fort.

Manufacturing Procurement 246

Manufacturing Procurement Optimal Sourcing Inventory Reduction Supply and Demand 246

Logistics Viewpoints

FEBRUARY 2, 2024

She also said the company planned to ask workers to return to the office five days a week in 2024. UPS is seeking alternative strategies for its truck brokerage business, which has seen sales plummet amid a freight recession marked by declining rates and over capacity. The shares fell as much as 7.6 percent in early U.S.

Cost Reduction Strategies 234

Cost Reduction Strategies Inventory Reduction Logistics Network Optimization Software Manufacturing Procurement 234

Shipsy

FEBRUARY 17, 2021

Manufacturers across globe have faced multiple challenges in Supply Chain from time and again that changed (increased / decreased) with. Predictive planning based on data analysis & with the right combination of technology can provide companies with visibility & control. . Meeting Customer Service Standards. Impact on costing.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Supply Chain Optimization 52

QAD

APRIL 7, 2022

Procurement, also sometimes known as purchasing, is the group responsible for acquiring components, services, and other materials to manufacture a company’s products and to keep the operation running. The inventory department kept track of item usage on an inventory card, and the inventory card had an attached requisition form.

Manufacturing Procurement 95

Manufacturing Procurement Procurement Solutions Negotiate Pricing Purchasing Skills 95

Logility

SEPTEMBER 19, 2023

We had the infamous toilet paper outage that began with consumers detecting small shortages of paper rolls, which triggered a paper shortage at the manufacturing companies. This led to hoarding behaviors that exacerbating the shortage and signaled manufacturers to produce more.

Supply Chain Planning Software 135

Supply Chain Planning Software Modeling Supply Chain Software Supply Chain Planning 135

Silvon Software

JULY 22, 2022

Supply chain performance KPIs are invaluable measurements that support the growth and success of a company’s supply, fulfillment and delivery efforts. Here are 24 that Silvon has used with clients across various manufacturing industries to help them drive better supply chain performance. Cash-to-Cash Time Cycle. Stocking Cycle Time.

Metrics 81

Metrics Manufacturing Procurement Supply Chain Planning Software Supply Chain Strategy 81

SYSPRO Smarter ERP

MARCH 31, 2022

It’s premature to know at this stage what the full impact will be on our economies and supply chains, but we can expect more delays of supply of imported inventory, food, and component parts, due to reduced or rescheduled air and sea freight. Supply chain challenges.

Manufacturing Procurement 105

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

Unleashed

JANUARY 3, 2023

As a manufacturer, a lot of businesses and customers rely on you to get things done on time. But when your cash is locked wages, managing inventory , lines of credit, and other costs, it can slow down productivity – even bring it to a standstill. This can lead to company losses, unhappy customers, and, eventually, insolvency.

Manufacturing Procurement 96

Manufacturing Procurement Material Savings Expense Reduction Inventory Reduction 96

GlobalTranz

DECEMBER 18, 2014

All metal fabricators realize that they have to do some analyses before the company purchases equipmen t or hires new people, but now there seems to be a new intensity about the process. Still in all most fabricators have seen steel sales rise and customer demands and inventory requirements increase over the past several years.

Manufacturing Procurement 236

Manufacturing Procurement Manufacturing Purchasing Skills Sourcing Strategies 236

SYSPRO Smarter ERP

NOVEMBER 3, 2021

Manufacturers and distributors experienced huge supply chain disruptions due to the pandemic which exposed many vulnerabilities and tested the resilience of supply chain leaders globally. Manufacturing KPIs. In fact, SYSPRO research revealed that 60% of businesses were impacted by supply chain disruptions during the pandemic.

Manufacturing Procurement 105

Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain 105

BlueYonder

JANUARY 24, 2023

Significant Upheaval Terence: From collaboration to planning to control towers and logistics, automotive companies and suppliers are digitalizing processes and systems at a historic pace to improve competitiveness, profitability, and customer-centricity. Terence: Are automotive companies doing something about these disruptions?

Automotive 69

Automotive Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain 69

OptiProERP

APRIL 25, 2023

As a manufacturer, tracking logistics key performance indicators (KPIs) can help you identify areas of improvement and optimize your supply chain. This blog post will outline the most critical logistics KPIs manufacturers and distributors should track. Inventory KPIs 1. You may ask yourself why KPIs are important.

Logistics Network Optimization Software 52

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SYSPRO Smarter ERP

NOVEMBER 30, 2021

Ask manufacturing leaders what changes they plan to make in the next three years in the wake of the coronavirus pandemic, and they will likely say their use of technology will deepen as more and more players in their supply chains come to rely on digital connections for daily interactions. Managing Inventory. Talent gaps: ?

Forecasting 105

Forecasting Forecasting Software Inventory Management Software Supply Chain Planning Software 105

GlobalTranz

APRIL 27, 2017

How Big Is the Problem Of Inbound Freight Management? Inbound freight management is receiving a lot of attention as businesses continue to look for ways to manage shipping costs. A more efficient inbound freight program can minimize delays, save money and even reduce confusion. It is complicated, that’s why.

Negotiating Skills 144

Negotiating Skills Freight Vendor Strategies Cost Reduction Strategies 144

Supply Chain Game Changer

DECEMBER 17, 2020

What’s the Difference Between Freight Management and Logistics Management? Freight Management services article and permission to publish here provided by Saheer Gurjot. According to Steele’s Transportation Group , freight management services help companies more efficiently move freight from one point to an end destination.

Logistics Network Optimization Software 78

Logistics Network Optimization Software Freight Expense Reduction Cost Reduction Strategies 78

Supply Chain Shaman

SEPTEMBER 3, 2015

We were discussing the results of the planning benchmarking work that we have just finished, and I was sharing some insights on inventory management when one of the panelists emphatically stated, “Inventory is a waste to manage. We feel so strongly about this that we do not have an inventory planning role.”

Waste Reduction 150

Waste Reduction Inventory Reduction Inventory Optimal Sourcing 150

QAD

FEBRUARY 25, 2020

While consumer products manufacturers previously led the way for sustainable manufacturing practices, a growing number of manufacturers in other sectors are treating sustainability as an important operational objective to increase global competitiveness. The Sustainability Movement in Business and Manufacturing.

Waste Reduction 145

Waste Reduction Cost Reduction Strategies Resource Reduction Inventory Reduction 145

GlobalTranz

AUGUST 4, 2021

Let’s take a closer look at an examination by Industry Week , “Beyond the immediate impact on PPE Suppliers and Raw Materials for Hand Sanitizers, the pandemic gave a view of the degree to which many manufacturers were vulnerable to suppliers. Traditional Inventory Replenishment Strategies No Longer Work. Cybersecurity Concerns Remain.

Supply Chain Risk Management 288

Supply Chain Risk Management Risk Management Supply Chain Design Software Supply Chain Planning Software 288

ShipBob

DECEMBER 20, 2021

The logistics industry is made up of a highly interconnected supply chain network that manufactures raw materials into finished products and connects producers and consumers through various channels. Many functions are required to complete this, including: Maritime, road freight, digital freight, truck, and/or air delivery services.

Logistics Network Optimization Software 97

Logistics Network Optimization Software Forecasting Software Supply Chain Planning Software Supply Chain Design Software 97

ShipBob

NOVEMBER 6, 2023

Table of Contents ** Minutes What is an inventory audit? When it comes to selling goods, ecommerce businesses may audit their inventory — whether it’s for tax purposes annually or to simply verify units on hand. Inventory audits can be done in-house or by a third party and represent one point in time. What is an inventory audit?

Inventory Reduction 52

Inventory Reduction Inventory Inventory Management Software Forecasting Software 52

Unleashed

JULY 25, 2023

The inventory turnover ratio measures how often stock is sold and replaced over time. 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. Inventory turnover is expressed as a financial ratio.

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Inventory Price Reduction 52

BlueYonder

JANUARY 31, 2023

In this Part 2 blog post, we will continue to explore how automotive manufacturers are carrying out effective supply chain initiatives and their innovative solutions. These companies are also increasingly looking at nearshoring and multi-shoring. At a high level, we discuss three initiatives with these companies to enable resiliency.

Automotive 86

Automotive Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 86

Supply Chain Opz

JUNE 23, 2014

Inventory management is one of the most important tasks for supply chain management professionals. However, most inventory control theories are too complicated or too difficult to apply to real world situations. The reason is that most people now realize the value of planning practice like Sales and Operations Planning (S&OP).

Inventory Management Software 220

Inventory Management Software Inventory Management Inventory Reduction Inventory 220

ToolsGroup

JULY 25, 2023

In the wake of disruption, interest in probabilistic forecasting and ToolsGroup’s acclaimed solutions began skyrocketing, spurring the search for additional resources to support the company’s increasing scope. About Lãberit Lãberit is a leading company in the software development and technological solutions industry in our country.

ToolsGroup 156

ToolsGroup Supply Chain Planning Software Supply Chain Software Forecasting Software 156

ivalua

MARCH 16, 2021

One such organization was Navistar, a leading manufacturer of commercial trucks, busses and proprietary engines that recently participated in a series of CPO interviews conducted by Ivalua and Art of Procurement. In most companies, decision making is very, very painful — and that limits agility, especially in large companies,” he said. “At

Manufacturing Procurement 130

Manufacturing Procurement Supply Chain Planning Software Agile and Lean Supply Chain Supply Chain Software 130

Supply Chain Matters

APRIL 4, 2023

However, we discern some added signs excess inventories and of production sourcing shifts. Global Manufacturing Activity Levels Global manufacturing activity as reported by the J.P. From our lens, the latter is evidence of recessionary manufacturing conditions that are now stabilizing. That stated, the reported 49.6

Manufacturing Procurement 52

Manufacturing Procurement Manufacturing Global Purchasing Skills 52

Freightos

OCTOBER 31, 2022

Take Conner, the manufacturer of FORT, a magnetic pillow fort. But then global freight kicked in. . It really got tricky when we hadover thousands of unitsin production and were starting to book freight and suddenly realized that the cost of freight was almost 4 or 5X what we had budgeted. It’s suddenly about the economy.

Supply Chain Planning Software 156

Supply Chain Planning Software Supply Chain Planning Supply and Demand Supply Chain 156

Unleashed

SEPTEMBER 7, 2021

In this guide to barcodes in inventory management: In order to apply barcodes to inventory management, it is important to understand the basics of the barcode system. Hence, some companies will find corded barcode scanners to be all they need, where other companies require wireless scanners to support their online inventory management.

Inventory Management Software 96

Inventory Management Software Inventory Management Inventory Reduction Inventory 96

Cathy Roberson

AUGUST 15, 2022

Many retailers are feeling inventory pains despite assuring analysts that they're quite pleased with their inventory levels. Mind you, some retailers may indeed be pleased with their inventory levels, but others may be trying to figure out where to store the excess inventory since so many warehouses are beyond full.

Inventory Reduction 52

Inventory Reduction Resource Reduction Inventory Cost Reduction Strategies 52

Locus Robotics

MARCH 9, 2023

By Geoff Whiting, Senior Writer, Red Stag Fulfillment Applying automation and artificial intelligence (AI) to supply chain management is an excellent way for manufacturers to increase the accuracy, speed, and efficiency of operations. AI and ML can be applied to inventory management, demand forecasting, freight route planning, and much more.

Supply Chain Software 52

Supply Chain Software Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software 52

GlobalTranz

NOVEMBER 17, 2021

Approximately 73% of respondents cited progress in omnichannel improvements over the past year, but express cautious optimism for their company's supply chain and capacity. 94% of supply chain decision makers note that partnerships with supply chain/logistics companies are necessary to get through peak season successfully.

Shipping 232

Shipping Cost Reduction Strategies Industrial Industry 232