New Horizon Supply Chain Blog

FEBRUARY 8, 2024

Introduction: Procurement Planning for Distribution-Intensive Businesses Procurement planning is not a widely recognized category of supply chain software, but it should be. This article outlines five key challenges faced by buyers that can be addressed by a new type of procurement planning software, which we call a “buyer’s workbench.”

Procurement Solutions 52

Procurement Solutions Optimal Sourcing Supply Chain Planning Software Manufacturing Procurement 52

RFgen

NOVEMBER 8, 2018

Key Takeaways: Warehousing and distribution face unprecedented pressures from COVID-19 disruption, commoditization, labor shortages and rising customer expectations. Warehouse automation is an effective way to gain efficiencies, cut costs and scale operations. Physical warehouse automation is costly. High warehouse turnover.

Warehousing 59

Warehousing Supply Chain Software Supply Chain Planning Software Inventory Management Software 59

RFgen

NOVEMBER 8, 2018

Key Takeaways: Warehousing and distribution face unprecedented pressures from COVID-19 disruption, commoditization, labor shortages and rising customer expectations. Warehouse automation is an effective way to gain efficiencies, cut costs and scale operations. Physical warehouse automation is costly. High warehouse turnover.

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Warehousing Supply Chain Software Supply Chain Planning Software Inventory Management Software 59

Unleashed

JUNE 8, 2023

Behind every successful product business is a thoughtful procurement strategy designed to optimise the supplier management and purchasing process. This guide answers exactly what is procurement, how procurement works in a business , and which tools and strategies lead to supply chain success. What does a procurement manager do?

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GlobalTranz

AUGUST 18, 2021

Focus on Carrier Procurement and Management. Since a transportation management services provider’s whole business is transportation, any selection process must also focus on what that entity does to procure and manage its carriers. In many cases, this refers to the intuitive workflows that exist with the TMS in operation.

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Logistics Network Optimization Software Optimal Sourcing Negotiating Skills Optimization Software 309

Precoro

MAY 19, 2023

The right metrics can shed light on how cost-effective a company’s processes are when it comes to the flow of goods, both at the inbound stages of procurement and outbound all the way to the customer. On-time shipping For a delivery to be made on time, it needs to go out on time.

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ShipBob

SEPTEMBER 24, 2021

Fast fulfillment starts with proper warehouse management , which determines how efficiently you receive, track, and store inventory in a way that gets customers orders out the door faster. But how do you know if a warehouse is performing well? In this article, learn how to track warehouse performance by monitoring the right KPIs.

Optimal Sourcing 52

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Logistics Bureau

MARCH 14, 2018

From a simple place to stock goods, warehouses have developed in many ways—function and form included. Affected by changes in production, procurement and distribution methods, warehousing has continually been pushed and pulled in different directions. Where to Do Your Warehousing. Who Will Do Your Warehousing?

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Unleashed

JANUARY 16, 2023

These third-party fulfilment companies are commonly referred to as 3PL partners, 3PL providers, or just ‘3PLs’. 3PL providers are experts when it comes to shipping and logistics. There are supply chain management, shipping documentation, and accounting duties to worry about. Warehousing costs are rising.

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Kanban Logistics

SEPTEMBER 24, 2020

When it comes to warehousing, many companies eventually outgrow the “do it yourself” model and choose to hand the reins over to a third-party logistics (3PL) professional. What’s important to understand, however, is that many 3PLs are capable of a wide array of warehouse services in addition to the basics. Some might surprise you.

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Warehousing 3PL Logistics Network Optimization Software Manufacturing Procurement 52

The Logistics & Supply Chain Management Society

AUGUST 14, 2023

Breaking Boundaries: Exploring Generative AI’s Impact on Supply Chains Supply chains encompass many interconnected activities, from procurement, production, and inventory management, to logistics and distribution. These activities involve numerous stakeholders, such as suppliers, manufacturers, distributors, and retailers.

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Kanban Logistics

AUGUST 13, 2020

Inbound logistics refers to the supply chain operations that lead up to the creation of the finished product. This includes the procurement and delivery of the parts used to build the finished product. Outbound logistics, on the other hand, refers to the operations that bring your finished product out to the marketplace.

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3PL Manufacturing Procurement Logistics Network Optimization Software Material Savings 98

6 River Systems

DECEMBER 13, 2019

Optimizing your warehouse means examining every corner of your infrastructure and every facet of your workflows and processes to identify and correct inefficiencies. 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.

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Optimal Sourcing Optimization Software Price Mitigation Strategies Modeling 81

Ware2Go

MAY 17, 2022

This guide contains everything you need to know about freight shipping and logistics so you can make informed decisions for your business. What Is Freight Shipping? Freight Shipping Rates. All of this volatility led to an increased investment in supply chain management, from procurement to freight to final mile delivery.

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Unleashed

JANUARY 16, 2024

It takes into account sales and production costs, along with any additional fees required to ship a product to the end consumer. Landed is the total cost of a product after it has been shipped to a customer. It includes any raw materials, freight, customs duties, insurance, warehousing, and related fees and overheads.

Cost Reduction Strategies 52

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Unleashed

JUNE 27, 2023

Freight forwarding is the facilitation of safe, cost-effective shipping of goods from one destination to another. A freight forwarder acts as the middle-person between a merchant and the shipping and transportation companies that will deliver their goods where they need to go. Managing inventory during the shipping process.

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Intelligent Audit

OCTOBER 28, 2021

The increasing pressure of the market, the rising consumer demand, and dwindling supplier deliveries have brought into full view the need for adequate and functional shipping cost allocations. Shippers must focus on making the product and managing the delivery channels, supply lines, warehouse hubs, and distribution centers.

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ShipBob

JANUARY 17, 2022

Supply chain execution refers to the process of driving the flow of goods within the supply chain – starting from procurement all the way through final-mile delivery. Activities included in supply chain execution are manufacturing, distribution, warehousing, fulfillment, and transportation. Procurement and manufacturing.

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ShipBob

AUGUST 24, 2023

Supply chain risk management refers to the strategic process of identifying, evaluating, and mitigating factors that could pose a risk to supply chains. Moreover, there may be raw material shortages that will then result in supply chain bottlenecks as businesses are unable to procure inventory to keep up with demand.

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ShipBob

MARCH 3, 2022

Only when you know how much it costs to produce or procure a single unit of any SKU can you make more informed decisions on how much to sell it for. Cost per unit, also referred to as “cost of goods sold,’ refers to both the variable costs and fixed costs associated with producing and delivering a single unit to the end user.

Cost Reduction Strategies 52

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Ware2Go

OCTOBER 28, 2021

A 3PL is a warehousing and fulfillment provider that stores inventory then picks, packs, and ships it when an order comes in. A 3PL will often also provide inventory tracking and a warehouse management system (WMS) that allows merchants to see order and fulfillment statuses. 3PL services are a portion of what a 4PL provides.

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3PL Logistics Network Optimization Software Supply Chain Planning Software Supply Chain Network Software 52

Unleashed

JANUARY 31, 2023

In-transit inventory is products that have been shipped by the seller but have yet to reach the customer. In B2B, in-transit inventory typically refers to products that are on their way from a wholesaler to an eCommerce retailer. In B2C, it refers to products that are on their way from the merchant’s warehouse to the final customer.

Inventory Reduction 98

Inventory Reduction Inventory Inventory Management Software Supply Chain Planning Software 98

Unleashed

OCTOBER 4, 2023

Some of the main steps involved in the order fulfilment process include: Inventory management Picking and packing Tracking and communication Shipping and delivery Customer service Returns management Fulfilment costs can represent up to 30% of an eCommerce company’s total operating expenses. It also ensures that resources are used efficiently.

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Inventory Reduction Sourcing Strategies Resource Reduction Cost Reduction Strategies 52

SCMDOJO

OCTOBER 7, 2022

Shipping Productivity = Total order lines shipped per month / total labour hours available. Warehouse Space Utilization = Total warehouse ares occupied by activities / total warehouse capacity floor (m2) * 100. Companies are focusing more on these aspects to attain employee confidence in a logistics warehouse.

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Vinculum

JULY 6, 2023

Now, Nykaa claims to have over 15 million registered users, 105 stores across India, 23 warehouses across 11 Indian cities and offering over 4000 brands. They sought a solution for multi-warehouse drop shipment, logistics integration, and omnichannel operations. Nykaa is packed with over 3.1

Inventory Management Software 52

Inventory Management Software Modeling Software Supply Chain Planning Software Optimization Software 52

ShipBob

SEPTEMBER 3, 2021

Though the pandemic isn’t forever, the push towards digital transformation will continue to support retailers as they build supply chain resilience and be prepared for almost anything — a sudden influx in demand, logistics procurement disruption, natural disasters, or a warehouse closure. What is supply chain transformation?

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Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Inventory Management Software 97

EC Sourcing Group

OCTOBER 26, 2021

However, the use of information technology in supply chain management has streamlined the world of procurement and purchasing through supply chain management, cloud software, and other types of IT that help boost supply chain efficiency. Logistics and shipping management. Cost reduction. These include: Forecasting.

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Supply Chain Game Changer

SEPTEMBER 21, 2022

The Supply Chain industry provides vast employment opportunities, from procurement to warehouse inventory, management, and shipping. The terms freight broker and freight agent are often confused in the cargo and shipping sector. Freight brokers and agents contribute significantly to optimizing the shipping process.

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Negotiating Skills Freight Purchasing Skills Optimal Sourcing 96

ShipBob

DECEMBER 13, 2023

Optimized storage space: Prevents overstocking, maximizing warehouse utilization. Inventory” can refer to finished goods as well as the materials used to make those goods, whereas “stock” refers solely to finished goods. Reduced spoilage and obsolescence: Critical for perishable or trend-sensitive products.

Optimal Sourcing 52

Optimal Sourcing Optimization Software Inventory Reduction Inventory Management Software 52

ShipBob

APRIL 15, 2024

The following formula is used for calculating gross profit: Gross profit = Revenue – Cost of goods sold (COGS) Average inventory cost Average inventory cost refers to the monetary worth of your inventory over a specific time period. ShipBob finally gave us the visibility and analytics we were looking for.

Inventory Reduction 52

Inventory Reduction Material Savings Price Reduction Cost Reduction Strategies 52

ShipBob

MARCH 23, 2022

Retail distribution refers to the process of getting goods from manufacturers and producers to consumers. As a result, products have to travel for longer distances to be shipped all the way to the high-demand area. This not only slows down the supply chain but also increases shipping costs. What is retail distribution?

Inventory Reduction 52

Inventory Reduction Price Reduction Vendor Strategies Cost Reduction Strategies 52

Unleashed

OCTOBER 30, 2023

WooCommerce order fulfilment refers to the processes involved in completing customer orders through an online WooCommerce store. It includes tasks such as managing inventory, packing and shipping customer orders, and processing returns. Once an order has been processed, the items also need to be picked, packed, and shipped.

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Inventory Management Software Manufacturing Procurement Procurement Solutions Material Savings 52

ShipBob

OCTOBER 11, 2021

The success of a direct-to-consumer (DTC) brand relies heavily on its ecommerce operations — from product procurement to distributing inventory , to shipping customer orders. . Warehouse management. Shipping logistics . Operations planning often starts with warehousing. Supply chain planning. Customer service.

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Logility

AUGUST 25, 2020

Failed SCM implementation causes shipping errors. WMS failure causes Adidas to under ship by 20%. Management must be cognizant of issues of procurement, manufacturing, inventory, and distribution that impact satisfaction and loyalty. Warehousing and transportation costs. Tri-Valley Growers. Bankruptcy. Labor utilization.

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SCMDOJO

MARCH 8, 2024

Reduction of Minimum Order Quantity (MOQ): MOQ refers to the minimum quantity of a product that a supplier is willing to sell. Lead Time Reduction: Lead time refers to the time it takes for an order to be fulfilled from the moment it is placed. Start implementing these strategies today and watch your business thrive!

Inventory Reduction 81

Inventory Reduction Optimal Sourcing Resource Reduction Cost Reduction Strategies 81

Unleashed

MARCH 31, 2021

However, when people refer to supply chains, they often use the terms ‘supply chain’ and ‘logistics’ interchangeably. When we refer to the ‘supply chain’, we’re referring to the network of suppliers, manufacturers, producers, shipping companies and more who, when combined, produce, ship and sell products and services to end-users.

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Supply Chain Game Changer

JULY 5, 2021

Sometimes referred to as the “Accounting ERP”, these systems are necessary and often even mandated by law, no matter how large or small the business is. It is a kind of a hub for the functional groups of procuring, financing, resource distribution and management. What is the role of ERP in logistics?

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