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. What’s the difference?

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Inventory Price Reduction 52

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

QAD

JULY 8, 2021

Poor inventory management and lack of full inventory visibility, including inventory held by next tier suppliers. Without the full planning horizon, suppliers are left guessing what to order and how to best allocate their production resources. Do you have a customer inventory policy for long lead time and critical parts?

Supply Chain Planning Software 87

Supply Chain Planning Software Forecasting Forecasting Software Manufacturing Procurement 87

ivalua

JUNE 1, 2022

Sajid Kunnummal, Vice President and CPO at Navistar, was interviewed by Philip Ideson from Art of Procurement to discuss the impact of the Covid-19 pandemic on Procurement. When the crisis hit, Procurement as a function was suddenly in the hot seat, and it became the driving force for business continuity.

Supply Chain Planning Software 130

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

The Logistics & Supply Chain Management Society

OCTOBER 15, 2023

It seems like a simple enough concept, but it is very hard to match up the know-how to a possible local supplier when you are doing this for the first time. Have discussions about inputs, maximizing current use, and finally how to best plan a sustainable end of life. So start the conversations where needed.

Optimal Sourcing 162

Optimal Sourcing Supply Chain Planning Software Singapore Logistics Network Optimization Software 162

Supply Chain Opz

NOVEMBER 9, 2014

That''s why we ask our experts a very simple question " How to improve the operational efficiency in global supply chain? ". Research from APQC’s Open Standards Benchmarking in procurement shows that organizations without formal SRM programs report 121 percent longer supplier lead times. These are three examples: Rule 3.1:

Waste Reduction 274

Waste Reduction Cost Reduction Strategies Supply Chain Planning Software Inventory Reduction 274

Logistics Bureau

NOVEMBER 16, 2020

It touches many departments, from production, procurement, shipping, accounting, and finance to marketing, warehousing, research and development, and sales. Certified in Production and Inventory Management (CPIM) : The course covers ground such as knowledge of production and inventory management, internal operations, and customer relations.

Supply Chain Planning Software 96

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

Supply Chain Game Changer

JULY 30, 2019

In business it is not uncommon to hear the words “Logistics Management” and “Freight Management” thrown around interchangeably. This is extremely important when you consider the tasks at hand, the skills required, and how to fill these types of jobs. What is Freight Management?

Negotiating Skills 72

Negotiating Skills Optimal Sourcing Freight Logistics Network Optimization Software 72

Unleashed

DECEMBER 22, 2022

When all your cash is tied up in managing inventory , overheads, unpaid invoices, and operational costs, you wind up with nothing left to pay the bills. Higher overheads , increased debt, the need to invest in new assets or staff, handling more inventory – it all comes at a cost. But every item held in inventory costs money.

Expense Reduction 52

Expense Reduction Inventory Reduction How To Negotiating Skills 52

AIMMS

OCTOBER 17, 2023

Efficient inventory management Demand Forecasting: Use demand analytics to predict demand more accurately, thus reducing overstocking or stockouts. Re-evaluate supplier contracts and relationships Consolidated Procurement: Bulk purchasing often leads to better rates. Check out how AIMMS helps you to model and optimize your CO2 impact.

Optimal Sourcing 156

Optimal Sourcing Supply Chain Planning Software Modeling Waste Reduction 156

Veridian Solutions

JANUARY 29, 2020

Knowing that your distribution fulfillment strategy is working gives you a better insight into how your business is performing. This is important for reducing order fulfillment errors, improving your inventory management and remaining competitive. Poor replenishment and reordering of inventory. Limited visibility in procurement.

Inventory Reduction 58

Inventory Reduction Expense Reduction Cost Reduction Strategies Material Savings 58

Talking Logistics

APRIL 22, 2019

Based on the top Talking Logistics posts and videos this quarter, it’s clear that transportation management remains a hot topic of interest — everything from how to navigate the twists and turns of the market to how to leverage transportation management systems (TMS) and emerging technologies to drive continuous improvement.

Logistics Network Optimization Software 112

Logistics Network Optimization Software Logistics Supply Chain Planning Software Inventory Reduction 112

CH Robinson Transportfolio

JANUARY 14, 2021

As we kick off 2021, those complexities are still present, but with a new year comes new opportunities to innovate and address some of the biggest challenges for our retail and consumer packaged goods (CPG) customers, such as: Planning environments are complex and can lead to costly surplus Days of Inventory on Hand (DOH). Reduce inventory.

Supply and Demand 47

Supply and Demand Supply Chain Planning Software Optimal Sourcing Demand Planning Software 47

GlobalTranz

JANUARY 6, 2016

You can download our first e-Book, "The Future Of Supply Chain, Logistics & Manufacturing: How Technology Is Transforming Industries" here. Transportation management is no longer a tactical approach to simply moving freight and doing it at the lowest possible cost.

Transportation Management 120

Transportation Management Logistics Network Optimization Software Resource Reduction Cost Reduction Strategies 120

AFFLINK

AUGUST 17, 2022

Unpredictable Consumer Demand Trends Traditionally, organizations got away with loose forecasting and just-in-time (JIT) inventory management to match production to consumer demands. Benefits of Automation in Procurement Technologies Manufacturers and distributors aren’t the only ones feeling the business pressures of supply chain disruption.

Manufacturing Procurement 62

Manufacturing Procurement Supply Chain Software Optimal Sourcing Demand Planning Software 62

Supply Chain Shaman

APRIL 15, 2020

I continue to think about the COVID-19 recovery and how to help clients. This cross-functional group (sales, procurement, manufacturing, and distribution) is an operational team to manage the day-to-day issues and exceptions in the supply chain. Evaluate Inventory. Evaluate inventory health weekly. It is tough.

Supply Chain Planning Software 453

Supply Chain Planning Software Supply Chain Design Software Modeling Supply and Demand 453

Supply Chain Shaman

NOVEMBER 21, 2018

Outsourcing–procurement, manufacturing and transportation– decreased visibility and increased data latency. Hence the conundrum for supply chain leaders of how to build end-to-end planning and evolve planning. . Companies want good plans, but they do not know how to define what good looks like. Inventory levels?

Supply Chain Planning Software 202

Supply Chain Planning Software Forecasting Software Supply Chain Planning Demand Planning Software 202

ShipBob

APRIL 26, 2023

The upstream supply chain refers to the flow of inventory in the pre-production stage, mostly in relation to the organization’s suppliers. How to better manage your upstream supply chain As you can imagine, disruptions and delays in the upstream supply chain are often unexpected and unpredictable. Let’s get into it.

Supply Chain Planning Software 52

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QAD

AUGUST 16, 2022

Continued fallout, including transport congestion, limited air freight and rail freight transportation in the Asia-Europe lanes, because of the Russia/Ukraine conflict. So, how can manufacturers respond to these challenges? How to Effectively Manage Fragmented Supply Chains.

Optimal Sourcing 92

Optimal Sourcing Supply Chain Software Manufacturing Procurement Supply Chain Design Software 92

Supply Chain Game Changer

FEBRUARY 1, 2022

Featuring Our Top 16 Articles on Freight and Logistics! The first distinction to be made is that Logistics management is different from Freight management. Simply put, Logistics management is a much more all encompassing and overarching term with a vast scope which includes Freight management. Subscribe Here! Email Address.

Logistics Network Optimization Software 89

Logistics Network Optimization Software Logistics Resource Reduction Military 89

GlobalTranz

OCTOBER 2, 2018

As a result, freight spend as a whole has increased, but passing this cost along to consumers will only serve to undermine the productivity and brand value gains through e-commerce. Shippers are faced with a decision between estimating LTL freight rates , as well as the delivery schedules, and risking undercutting costs of shipping.

Logistics Network Optimization Software 198

Logistics Network Optimization Software Material Savings Vendor Strategies Cost Reduction Strategies 198

GlobalTranz

APRIL 5, 2017

Instead of trying to gain visibility by tracking every detail involving inbound logistics on your own, the biggest roadblocks to effective inbound logistics management boil down to five reasons, and you need to understand what they are and how to stop them. Inbound Freight Management Means More Number and Analyses.

Vendor Strategies 123

Vendor Strategies Cost Reduction Strategies Inventory Reduction Logistics 123

SCMDOJO

JULY 13, 2022

National Association of Educational Procurement. They will take care of you from the start, discussing how to improve your CV and prepare for interviews. For example, Giuseppe Borsellino (ex-Michael Page) shared his wealth of knowledge on How to Get a Job in Supply Chain Management? Michael Page. Naukri Gulf. Jobsinlogistics.

Supply Chain Design Software 112

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 112

MIT Supply Chain

MAY 1, 2014

This may be a great rule of thumb for life generally, but not necessarily for freight transportation. Is it more important to prevent disruptions from occurring by building robustness into a freight network (i.e. Is it more important to prevent disruptions from occurring by building robustness into a freight network (i.e.

Optimal Sourcing 63

Optimal Sourcing Freight Expense Reduction Cost Reduction Strategies 63

Supply Chain Game Changer

OCTOBER 10, 2022

It’s important to know how to prepare yourself for entering this specific sector. Consider consulting a professional career counselor to gather data about how to identify the schools most suited to your particular career goals. Preparation. Explore Jobs Within the Niche.

Education 96

Education Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning 96

SCMDOJO

JULY 24, 2023

It involves outsourcing logistics activities, such as warehousing, transportation, distribution, inventory management, and order fulfillment, to a dedicated logistics service provider. By leveraging their capabilities, businesses can reduce transportation costs, optimize inventory levels, and minimize warehousing expenses.

Logistics Network Optimization Software 90

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

American Global Logistics

DECEMBER 7, 2022

But businesses are learning how to manage external disruptions and manage internal ones more effectively. We had a hangover from the pandemic: Which led to continued inventory shortages, closures of manufacturing plants in China, congested ports, and underemployment. It also led to inventory excesses.

Russia 52

Russia Inventory Reduction Price Reduction Modeling 52

Unleashed

MARCH 31, 2021

You’ll see that the KPIs in both supply chain management and logistics are very similar, in that they often track the movement or storage of inventory. Inventory days of supply. A metric to determine how many days it would take to run out of supply if you did not replenish your stock. Freight bill accuracy.

Supply Chain Planning Software 69

Supply Chain Planning Software Logistics Network Optimization Software Supply Chain Software Agile and Lean Supply Chain 69

ThroughPut

DECEMBER 3, 2019

This is why supply chain managers are always stressing over demand forecasts — something that tops the list of most critical inventory management practices. Anyone who has shipped freight by air or sea can attest to the fact that international shipping is complex — in no small part because of the rules and regulations around certain goods.

Material Savings 52

Material Savings Manufacturing Procurement Shipping Saudi Arabia 52

Supply Chain Game Changer

NOVEMBER 13, 2018

Yet all of the functions that we now associate with Supply Chain have been around for a very long time: Planning, Inventory Management, Logistics, Procurement and Purchasing, Warehousing and many more. Interestingly there are many views on how to define Supply Chain. The Evolution of Supply Chain! Source: [link] ).

Supply Chain Design Software 72

Supply Chain Design Software Supply Chain Planning Software Manufacturing Procurement Optimal Sourcing 72

Unleashed

JANUARY 3, 2023

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. So, let’s break down how to improve cash flow in a manufacturing business and look at the various cash flow challenges faced by manufacturers around the world.

Manufacturing Procurement 96

Manufacturing Procurement Material Savings Expense Reduction Inventory Reduction 96

Elementum

JUNE 30, 2022

Business leaders need to know what’s on the horizon and how to prepare their organizations. We review how those trends are likely to impact Supply Chain and what leaders can do to adjust. How could Stagflation impact Supply Chain? Suppliers will continue to ship orders in an effort to get the inventory off their books.

Procurement Analytics 78

Procurement Analytics Supply Chain Design Software Supply Chain Software Supply Chain Planning Software 78

ThroughPut

FEBRUARY 23, 2024

A report by McKinsey shows that early adopters of AI in the supply chain have improved their inventory levels by 35%, reduced logistics costs by 15%, and enhanced service levels by 65%, vis-a-vis competitors who were slow to embrace AI. Inventory pile-ups. And the effect of inaccurate demand forecasting is felt across the supply chain.

Predictive Analytics Software 59

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

Stord

JANUARY 11, 2022

Stord’s team works with hundreds of companies every day to drive efficiencies and optimize their operations across a range of freight, warehousing, fulfillment and packaging requirements. There are silos responsible for "manufacturing" and "inbound planning" (international/customs).

Supply Chain Planning Software 78

Supply Chain Planning Software Supply Chain Software Optimization Software Forecasting Software 78

BR Williams Supply Chain Management

JANUARY 18, 2021

Warehouse inventory management systems (WMS). The ideal situation for any retailer or manufacturer is to have just enough inventory on hand to sell or to keep production lines running smoothly. Excellent safety and training programs. 6 Top Factors Influencing Distribution Management. Customer Perspective. Distributor Perspective.

Inventory Reduction 89

Inventory Reduction Cost Reduction Strategies Expense Reduction Material Savings 89

ThroughPut

OCTOBER 28, 2019

Ship Smarter: How to Avoid Bottlenecks in Your Global Operations. This is why supply chain managers are always stressing over demand forecasts — something that tops the list of most critical inventory management practices. On the contrary, you should be exploring all your procurement options globally, nationally, and locally.

Saudi Arabia 40

Saudi Arabia Material Savings United Arab Emirates Shipping 40

Logistics Bureau

MAY 8, 2023

Is your company one of the many that take a minimalist approach to freight management? Yes… I did say minimalist, not lean. When I say minimalist, I’m talking about the many companies which, while reliant on freight to keep supplies coming in and products going out, don’t see freight management as a core competency.

Negotiating Skills 52

Negotiating Skills Cost Reduction Strategies Freight Resource Reduction 52