SCMDOJO

JULY 29, 2022

Economic order quantity is one of the “most commonly used inventory-control techniques”. The objectives and advantages of Economic Order Qty (EOQ) are to minimize inventory carrying costs and ordering costs while simultaneously limiting the probability of stock out to avoid any lost sales or customer loss. S = Cost per order.

Sourcing Strategies 105

Sourcing Strategies Inventory Reduction Cost Reduction Strategies Boston 105

Talking Logistics

APRIL 8, 2016

MercuryGate Launches Global, Omni-modal Freight Procurement Solution. WTO: Trade growth to remain subdued in 2016 as uncertainties weigh on global demand. The post This Week in Logistics News (April 4-8, 2016) appeared first on Talking Logistics with Adrian Gonzalez. Swisslog acquires Power Automation Systems (PAS).

Logistics Network Optimization Software 100

Logistics Network Optimization Software Supply Chain Design Software Supply Chain Planning Software Guinea 100

Talking Logistics

FEBRUARY 9, 2016

You probably have questions about what the 2016-2017 ocean contract season will bring. The bunker has been trending on the low side and is expected to continue this way through 2016—good news for ocean carriers, as bunker fuel is by far one of their largest operational costs. Consolidations. Bunker Cost. Driven by U.S.

Panama 100

Panama Supply Chain Planning Scenario Planning Price Reduction 100

Talking Logistics

MARCH 4, 2016

This self-service 4-session course provides an overview of how to build a strong transportation management foundation, with a focus on strategy development, procurement, the role of technology, and the importance of enabling a continuous improvement culture and processes. E2open Acquires Terra Technology.

Logistics Network Optimization Software 0

Logistics Network Optimization Software Supply Chain Planning Software Forecasting Software Supply Chain Network Software 0

Supply Chain Movement

JANUARY 11, 2016

Procurement. Focus for 2016. Our focus for 2016 is: Transformation – Information technologies, understanding big data, and digital supply networks are pushing supply chain management to new levels of efficiency. Our members include: VPs/Directors/Group Heads in: Supply Chain. Purchasing. Operations. Supply Chain Quality.

Supply Chain Design Software 60

Supply Chain Design Software Sourcing Strategies Supply Chain Strategy Supply Chain Design 60

Talking Logistics

AUGUST 5, 2016

Cloud Logistics Announces Banner Results For The First Half of 2016. Right now, everything going on those planes is inventory held in Amazon fulfillment centers and sold on the Amazon website,” [Dave Clark, Amazon.com’s senior vice president of worldwide operations] said. Verizon to buy vehicle management company Fleetmatics for $2.4

Logistics Network Optimization Software 100

Logistics Network Optimization Software Supply Chain Planning Software Supply Chain Network Software Predictive Analytics Software 100

Logistics Viewpoints

JULY 22, 2021

In the research conducted by Supply Chain Insights , only 35% of the respondents rated their S&OP process as effective or extremely effective in 2019 compared to 65% for the same in 2016. Strategic placement of inventory buffers to ensure sufficient ability to absorb shocks.

S&OP 244

S&OP Supply and Demand Optimal Sourcing Supply Chain Design Software 244

SYSPRO Smarter ERP

MARCH 9, 2022

Many also extend to inventory management, order management, procurement, and production. ERP systems emerged out of Materials Requirement Planning (MRP) – the planning and scheduling of inventory for the manufacturing process. This enables the procurement department to know when new purchase orders have to be placed.

Supply Chain Planning Software 119

Supply Chain Planning Software Manufacturing Procurement Supply Chain Software Procurement Solutions 119

Kinaxis

SEPTEMBER 26, 2016

High inventory levels: Stephen Meyer of Gartner mentioned that the Pharma industry on average has 63 days of raw material inventory and 51 days of finished goods inventory. Quite a few companies mentioned inventory savings target of 10% or above that their senior leadership is looking for.

Pharmaceutical 100

Pharmaceutical Supply Chain Planning Software Gartner Supply Chain Planning 100

Logistics Viewpoints

NOVEMBER 17, 2022

For instance, the recycling rate in California for cans made from aluminum has fallen to a mere 20% from 91% in 2016 and 73% in 2021. This mismatch in demand and supply as well as decreasing recycling rate over the years has further complicated aluminum can production.

Packaging 225

Packaging Food Manufacturing Procurement GEP 225

Supply Chain Shaman

SEPTEMBER 22, 2021

This is despite the purchase of Terra Technology Demand Sensing and Multi-tier Inventory Management (MEIO) in 2014 for 12-14M$ (including implementation). After implementation, in 2016, no business or product owners were appointed. We started the pandemic with twenty-one more days of inventory than we had in 2007.

Optimal Sourcing 217

Optimal Sourcing Analytics Software Procurement Analytics Supply Chain Planning Software 217

Material Handling & Logistics

SEPTEMBER 18, 2017

A new study finds that in 2016 public companies had more than $1 trillion unnecessarily tied up in working capital. Working Capital Survey, which examined the performance of 1,000 of the largest public companies in the US in 2016, found that typical companies now have more than $1 trillion unnecessarily tied up in working capital. .

Inventory Reduction 60

Inventory Reduction Optimal Sourcing Inventory Company 60

ModusLink Corporation

NOVEMBER 18, 2021

Furthermore, the notion of Sustainable Supply Chain Management is often linked with social responsibility or environmental management (Ali Esfahbodi, 2016). This will aim at reducing environmental impact from the acquisition of raw materials to the final use and disposal of the product (Ali Esfahbodi, 2016). 2016, March 16).

Waste Reduction 78

Waste Reduction Sustainability Material Savings Supply Chain Planning Software 78

Supply Chain Shaman

DECEMBER 29, 2016

In a nutshell, the research states there is a correlation between cost, inventory, and forecast performance. My problem is I see many organizations working hard on the forecast, but not improving inventory and replenishment processes; and, I think that the Hierarchy of Metrics did not go far enough. In 2016 I wrote 35 blog posts.

Inventory Reduction 0

Inventory Reduction Supply Chain Planning Software Forecasting Gartner 0

GlobalTranz

FEBRUARY 13, 2017

The Top 6 Trends in Logistics Impacting Shippers in 2016. According to PLS Logistics , global companies will install procurement managers in China for entire organizations by 2025. Like 2016, logistics providers will be tested for weaknesses in 2017. Globalization Will Become More Important in Everyday Decisions.

Resource Reduction 205

Resource Reduction Inventory Reduction Trends Logistics Network Optimization Software 205

ivalua

MAY 6, 2020

On September 7th 2016, a relatively unknown person became the richest man on the planet during two days before Bill Gates reclaimed his title (recently overtaken by Jeff Bezos). Demand Forecasting: Zara reaps the benefits of very efficient inventory management models that help them determine the exact quantity of items needed for every store.

Agile and Lean Supply Chain 37

Agile and Lean Supply Chain Optimal Sourcing Manufacturing Procurement Procurement 37

Logistics Viewpoints

APRIL 15, 2022

Since its founding in 2016, Miso has crowdfunded more than $50 million, according to the company. According to reports, the supply is so constrained right now that retailers are limiting the number of products consumers are allowed to purchase in order to preserve their inventories.

Los Angeles 184

Los Angeles Logistics Network Optimization Software Procurement Analytics Supply Chain Planning Software 184

Supply Chain Shaman

MARCH 18, 2018

The concept of the Effective Frontier is that best in class companies align functional metrics to balance growth, cost, inventory and Return on Invested Capital (ROIC) performance while balancing customer service metrics. The cash-to-cash definition is: Cash-to-cash= Days of Receivables+ Days of Inventory-Days of Payables.

Optimal Sourcing 169

Optimal Sourcing Supply Chain Planning Software Supply Chain Optimization Supply Chain Design Software 169

Talking Logistics

FEBRUARY 29, 2016

Here’s what ATA Chief Economist Bob Costello had to say: “Clearly, 2016 started soft for truck tonnage. There was a deceleration in freight volumes during the second half of 2015 which continued into the first month of 2016. So, that tells me that the inventory situation continues to weigh on truck freight volumes.

Optimal Sourcing 80

Optimal Sourcing Price Reduction Inventory Reduction Cost Reduction Strategies 80

QAD

OCTOBER 26, 2023

The information your trade team uses to determine landed costs or admissibility of goods should be shared with procurement teams, so that you always purchase goods at the lowest possible price. But by 2016, Dollar Shave Club had captured 51 percent. Gillette, at the time, had 72 percent share of the US razor market.

Supply Chain Disruption 94

Supply Chain Disruption Supply Chain Software Supply Chain Strategy Modeling 94

CH Robinson Transportfolio

JANUARY 8, 2016

You probably have questions about what the 2016-2017 ocean contract season will bring. The bunker has been trending on the low side and is expected to continue this way through 2016—good news for ocean carriers, as bunker fuel is by far one of their largest operational costs. Consolidations. Bunker Cost. Driven by U.S.

Supply Chain Planning 34

Supply Chain Planning Panama Scenario Planning Price Reduction 34

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. The goal of this process is to reduce inventory, increase transaction speed and improve work flow with profit in mind.

Supply Chain Design Software 72

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

ToolsGroup

DECEMBER 1, 2015

There is a new technique for improving forecast accuracy and inventory optimization—sensing demand from Point of Sale (POS) data or "POS Demand Sensing". Detailed demand forecasts are then generated for the sales and marketing teams and to set optimal inventory levels. The result? Gartner likes the strategy.

Supply and Demand 120

Supply and Demand Modeling Demand Planning Software Optimal Sourcing 120

RELEX Solutions

JULY 5, 2017

Case Hankkija: Full-service Agricultural Store Chain Transforms Its Procurement Process. Under its new owner, Hankkija overhauled its entire procurement process, set up a new DC and built its purchasing organization around it. Hankkija also wanted to cut capital tied up in inventory while increasing sales. Introduction.

Optimal Sourcing 28

Optimal Sourcing Procurement Solutions Procurement Supply Chain Planning Software 28

Freightos

NOVEMBER 11, 2021

The original 2016 driver for this shift seems hard to believe in today’s freight environment: a focus on long-term business viability spurred by ocean freight rates so low that they precipitated the bankruptcy filing by ocean carrier Hanjin. Image via StarAir.dk). Behind the Maersk shift.

Price Reduction 177

Price Reduction Logistics Network Optimization Software Cost Reduction Strategies Expense Reduction 177

Logistics Bureau

JANUARY 7, 2020

Pioneered the use of vendor-managed inventory. Implemented cross-docking in its supply network to enable inventory reductions. In 2017, the company began to look at new options for warehousing, knowing it would need to start placing inventory closer to customers if it wanted to compete in the challenging omnichannel retail space.

Inventory Reduction 101

Inventory Reduction Cost Reduction Strategies Vendor Strategies Supply Chain Design Software 101

Enterra Insights

FEBRUARY 13, 2019

Machine learning can prove useful all along the supply chain from procurement to production to marketing to after sales support. Inventory management, picking, packing and shipping are all time and resource-intensive processes which can have a dramatic impact on a business’s bottom line.”[6] Greater efficiency. ” 7. .

Optimal Sourcing 124

Optimal Sourcing Columbus Procurement Analytics Predictive Analytics 124

ThroughPut

FEBRUARY 2, 2024

Static vs. Dynamic Inventory Management Without Advanced Supply Chain Analytics: Inventory management might be based on static rules or historical sales data, potentially leading to overstocking or stockouts. A company might order the same quantity of a product each month, not accounting for seasonal demand variations.

Prescriptive Analytics Software 52

Prescriptive Analytics Software Analytics Software Supply Chain Planning Software Predictive Analytics 52

Enterra Insights

MAY 3, 2018

“117 such facilities were built across the United States from 2010 to 2016 for a total of 141.2 And also, how much and where the optimal inventory should go so we can satisfy that customer’s needs wherever she wants to shop.”[5] This means moving inventory to make it closer to markets where it is sells.

Omnichannel 100

Omnichannel Procurement Analytics Supply Chain Design Software Analytics Software 100

GlobalTranz

DECEMBER 28, 2017

Like 2016, logistics providers will be tested for weaknesses in 2017. Mobile phones can offer incredible services in any business from inventory tracking and shipments to the execution of procurement transactions. Share This: Read More. The Top 6 Trends in Logistics Impacting Shippers in 2017. Share This: Read More.

Logistics Network Optimization Software 140

Logistics Network Optimization Software Optimal Sourcing Network Optimization Software Logistics 140

Supply Chain Movement

SEPTEMBER 14, 2016

Launched in January 2016, BCR’s first Supply Chain Finance Summit, held in Frankfurt, showed that the market for supply chain finance (SCF) is lighting up. The summit returns to Frankfurt on 1st and 2nd February 2017 and we will be publishing the agenda in Autumn 2016. Fabio Manca, MD, DHL INVENTORY FNIANCING SERVICES.

Supply Chain Software 60

Supply Chain Software Supply Chain Conference Europe 60

Supply Chain Game Changer

NOVEMBER 25, 2018

Inventory Turns 3. (10%). Return on Assets (ROA) and Inventory turns are also a part of the scoring process. There is no question that the Supply Chain of any business usually has a significant impact on ROA and certainly on Inventory turns. Further an Inventory turn of 1.0 combined with an Inventory turn of 1.2

Gartner 60

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

Supply Chain Matters

JULY 5, 2022

The company launched its Starboard Navigator technology in 2016 on the basis on decades of experience in methods, techniques, and technologies used to re-design of supply chains among multi-industry settings. The Logility team apparently shared in that perception and initiated conversations with Starboard. Added Perspective. billion.

Procurement Solutions 52

Procurement Solutions Network Design Software Supply Chain Design Software Modeling 52

QAD

OCTOBER 11, 2022

It provides the production insights needed to rapidly respond to unplanned inventory shortages, equipment failures and productivity slowdowns. QAD Production Execution streamlines planning and shop floor communication while also improving the coordinated management of material, labor and equipment.

Manufacturing Procurement 96

Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software Procurement Analytics 96

The Network Effect

APRIL 1, 2016

The orchestration of processes and information for the procurement of goods to the “last mile” delivery to the customer is a required competency in today’s direct to consumer marketplace. By David Meyers. Principal, Supply Chain Technology, Tompkins International. DC’s and FC’s will already have a robust Warehouse Management System (WMS).

Supply Chain Planning Software 100

Supply Chain Planning Software Optimal Sourcing Supply Chain Optimization Supply Chain Planning 100

GlobalTranz

FEBRUARY 10, 2017

Online sales grew 12 percent in 2016, and growth is forecasted for 2017, reports Ludger Schuh of the Inventory and Supply Chain Blog. Furthermore, Big Data will transform how companies view operations through a combination of internal and external metrics, merging all processes from procurement logistics with last-mile delivery.

Third Party Logistics 120

Third Party Logistics Logistics Network Optimization Software Procurement Analytics Purchasing Skills 120

Supply Chain Game Changer

NOVEMBER 23, 2018

especially procurement and logistics?—?in For this reason, blockchain technology has been viewed as the perfect match for business application within procurement and logistics. Blockchain technology won’t just enhance the way procurement and logistics professionals work today; it poses the ability to reshape the functions entirely.

SCM 50

SCM Supply Chain Network Software Logistics Network Optimization Software Supply Chain Software 50