Supply Chain Game Changer

AUGUST 21, 2022

A global chemical manufacturer recently had to replace ships that transported bulk materials to ports. These materials were then transferred to barges and rail cars for delivery, and finally to terminals where they were packaged into shipping containers for final delivery by rail. Another important aspect of logistics is time.

Inventory Reduction 104

Inventory Reduction Price Reduction Cost Reduction Strategies Material Savings 104

The Logistics & Supply Chain Management Society

MARCH 14, 2023

Some examples of these would be the Xeneta Shipping Index, Freightos Freight Rate Index, Container Trade Statistics Price Index, and the Drewry World Container Index. In today’s commercial environ, we are quite fortunate in that these qualitative insights can often be reinforced with more quantitative data.

Optimal Sourcing 130

Optimal Sourcing Logistics Network Optimization Software Procurement Logistics 130

GlobalTranz

SEPTEMBER 23, 2021

High freight volumes across all industries in the trucking market are expected to continue into 2022.? Port backlogs, cargo limitations on container ships, and a lack of available equipment and port facility staffing.? transportation metrics ?that That’s an astonishing $933.30 today’s freight market, OTR freight services?enable?continued

Prescriptive Analytics Software 308

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Supply Chain Matters

OCTOBER 12, 2022

In this Supply Chain Matters posting we highlight published September 2022 indices of global supply chain volatility ( GSPI ) and US Logistics Index ( LMI ) activity trends along with our view of the implications. In a prior Supply Chain Matters posting, we highlighted both September and Q3-2022 global and regional PMI indices.

Inventory Reduction 59

Inventory Reduction Cost Reduction Strategies Warehousing Price Reduction 59

EC Sourcing Group

SEPTEMBER 6, 2022

As we’ve previously discussed, the best sourcing software can help streamline sourcing and improve winning in reverse auctions, but global sourcing software can put you in touch with a larger field of suppliers so that you can cherry-pick the ones with the most eco-friendly supply chains. . In March 2022, the U.S.

Material Savings 52

Material Savings Waste Reduction Supply Chain Software Vendor Strategies 52

Enterra Insights

MAY 31, 2022

But in an increasingly digital world, extending beyond enterprise boundaries from sourcing to customer engagement is now essential to achieve sustained competitive advantage.”[3]. The winning companies are those that correctly identify the problem to solve — the performance metric to improve. ”[3]. ”[8]. 6] Michael C.

Supply Chain Software 130

Supply Chain Software Supply Chain Optimization Modeling Supply Chain 130

Elementum

SEPTEMBER 6, 2022

Five Supply Chain Management Challenges in 2022 The last two years have caused endless disruptions to supply chains, but have also presented an opportunity to diversify and think creatively. With a growing requirement for raw materials and consumer goods, insufficient shipping capacity exacerbated cost increases.

Supply Chain Planning Software 78

Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain Supply Chain Planning 78

Supply Chain Matters

APRIL 20, 2022

There are mixed views in business and supply chain management settings as to whether customers would be willing to both maintain brand loyalty or pay extra for products that are deemed to be sourced and produced from sustainable sources and social responsibility driven labor practices. This study, sponsored by Savanta, Inc.

Survey 111

Survey Sustainability Cost Reduction Strategies Sourcing Strategies 111

Arena Solutions

APRIL 4, 2023

The global cobot market size is estimated to be worth $866 million in 2022 and is forecasted to a readjusted size of $1682 million by 2028. Manufacturers are leveraging big data to provide them with a comprehensive picture of their business thanks to the ability to acquire information from an ever-increasing variety of sources.

Manufacturing Procurement 73

Manufacturing Procurement Sourcing Strategies Inventory Reduction Cost Reduction Strategies 73

Supply Chain Game Changer

OCTOBER 4, 2022

Effective supply chain management includes the planning and implementation of several tasks such as acquisition, sources, conversion, and delivery. Partner Expertise In Sourcing. When obtaining resources, services, or data from a third party, a project manager ensures that both internal and external sources are consistent and timely.

Manufacturing Procurement 81

Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software Sourcing Strategies 81

Locus

JULY 24, 2023

The global trucking industry market size has suppressed $285 billion in 2022 and is said to reach $430 billion by 2032. Less than Truckload (LTL) LTL is the democracy of shipping. Typically supply chain managers at shipping companies would resort to cost cutting strategies and use of legacy solutions.

Optimal Sourcing 52

Optimal Sourcing Resource Reduction Optimization Software Modeling 52

Ware2Go

APRIL 11, 2023

In 2022 alone, eCommerce returns generated 9.5 Oceana reports that Amazon’s plastic packaging waste jumped 18% from 2021 to 2022, contributing to the problem of littering the world’s oceans ( 33 billion pounds of plastic enter the ocean every year). million cars to the road.

Examples 52

Examples Sustainability Purchasing Skills Retail 52

Supply Chain Game Changer

NOVEMBER 2, 2022

Supply chain risk management software helps retailers monitor their inventory levels, product prices, sales volume, shipping costs, and other important metrics on a daily basis so they can make smart decisions about inventory levels and pricing strategies before something goes wrong with either one of those things happening.

Supply Chain Planning Software 96

Supply Chain Planning Software Risk Management Supply Chain Software Predictive Analytics Software 96

Supply Chain Matters

FEBRUARY 7, 2024

The Worldwide Stores retail segment was part of that analysis, particularly when the company reported in April 2022 the first quarterly operating loss in over seven years. As the commentary indicates, during the 2023 holiday fulfillment quarter, 600 million more items were shipped from these revised regional fulfillment centers.

Supply Chain Network Software 52

Supply Chain Network Software Inventory Reduction Cost Reduction Strategies Inventory Management Software 52

ShipBob

APRIL 26, 2023

It involves all the activities related to the sourcing and transportation of raw materials needed in the manufacturing process. Whichever shipping carriers were still operational were stretched beyond capacity, which meant that customers had to wait for much longer to receive their goods.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Optimal Sourcing Supply Chain Planning 52

Unleashed

AUGUST 20, 2023

In a survey of 1,000 organisations, 74% of respondents in the US reported delays in shipping and longer lead times during the coronavirus pandemic. Lead time is a vital business metric that directly impacts customer satisfaction, workflow efficiency, and delivery time accuracy. Let’s break down the most common ones.

Manufacturing Procurement 52

Manufacturing Procurement Inventory Reduction Sourcing Strategies Procurement Analytics 52

The Logistics & Supply Chain Management Society

JANUARY 3, 2023

2022 Realities vs 2023 Predictions. 2022 was, undoubtedly, another tough year with many disruptions happening outside the four walls of enterprise – extreme weather, natural disasters blocking access to resources, port or border congestion delaying transit, panic buying artificially inflating demand, suppliers going out of business.

Predictive Analytics Software 130

Predictive Analytics Software Predictive Analytics Supply Chain Planning Software Prescriptive Analytics Software 130

ToolsGroup

APRIL 1, 2022

Increased Shipping Costs, Delays, and Transportation Issues. Dealing with the Shipping Container Crisis. 28% of global retailers have tried to find alternative sourcing options due to supply chain issues (RetailNext, 2020). Source: Consultancy.UK. Image source: Fortune. Consultancy UK). Supply Chain Dive).

Material Savings 207

Material Savings Purchasing Skills Supply Chain Planning Software Manufacturing Procurement 207

Intelligent Audit

FEBRUARY 3, 2022

With the volatility of 2021 still in mind and uncertainty heading into 2022, the whole industry feels a bit apprehensive. Freight bill auditing service providers help shippers determine the cost of shipping services and what to pay for those services. . Get better deals on shipping rates.

Freight 52

Freight Material Savings Resource Reduction Cost Reduction Strategies 52

Locus

OCTOBER 12, 2022

from 2022 to 2030. They can do this by tracking and documenting all the labor, handling, and materials components from source to destination. At the same time it can improve accuracy in order dispatching , easily prioritize and filter batches, and speed up packaging, shipping and last-mile delivery. Sources: ??

Material Savings 52

Material Savings Optimal Sourcing Sourcing Strategies Sustainability 52

Gravity Supply Chain

MAY 20, 2022

Spire provides real-time information and analytics based on global maritime automatic identification system (AIS) technology—Spire’s constellation of small satellites captures the courses and current status of container ships across the globe. In 1956, manually loading a ship cost $5.86 billion metric tons as of 2017.

Supply Chain Planning Software 52

Supply Chain Planning Software Procurement Solutions Supply Chain Software Predictive Analytics Software 52

Logility

MARCH 10, 2022

In our ongoing commitment to deliver relevant insight into global markets and the supply chain, Logility executives offer key takeaways from NRF 2022 and what they should be considering to address today’s market challenges more meaningfully. Watch Logility’s webcast of the key takeaways from NRF 2022 here.

Supply Chain Planning Software 130

Supply Chain Planning Software Modeling Sustainability Sourcing Strategies 130

Logistics Viewpoints

APRIL 14, 2023

The chain has also purchased most of its paper-based packaging with fiber from responsibly managed forests and recycled sources. It is expected to generate 62,000 megawatt hours annually – reducing approximately 22,000 metric tons of CO2 emissions per year. And now on to this week’s logistics news. Employment at U.S. million workers.

Logistics Network Optimization Software 205

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Unleashed

AUGUST 18, 2021

Read more: The 10 inventory management trends to watch for in 2022 Reverse logistics is another name for a backwards supply chain What steps make up the reverse logistics process? Without an efficient process for organising, processing, shipping and handling returns, managing this process can be costly. 3 examples) 1.

Reverse Logistics 98

Reverse Logistics Logistics Network Optimization Software Supply Chain Planning Software Material Savings 98

Intelligent Audit

DECEMBER 20, 2021

Planning for industry changes and shipping costs in 2022 remains critical as companies look ahead to the new year. As recovery continues and supply chain directors and logistics managers look to the future, they need to keep some critical points regarding logistics for 2022 front and center. ?1. over the same period.

Supply Chain Planning Software 52

Supply Chain Planning Software Logistics Network Optimization Software Forecasting Software Supply Chain Network Software 52

Supply Chain Shaman

MARCH 21, 2022

” Corporations serve international markets, and the source of rare minerals (so critical for the evolution of the green supply chain) is primarily Asia. Others argue the demise of global sourcing; might I add caution? In the United States, fire activity increased in February and March 2022—fire is not just a California issue.

Modeling 280

Modeling Supply Chain Planning Software Supply and Demand Supply Chain Design Software 280

Locus

MAY 25, 2022

The American customer satisfaction index customer experience benchmarks for timeliness of delivery fell drastically from 82 in 2020 to 76 in 2022. consumer shipping companies: Customer experience 2017-2022. Source: statista.com. Offer free shipping. Implement fast shipping with alternative order fulfillment models.

Sourcing Strategies 52

Sourcing Strategies Inventory Reduction Cost Reduction Strategies Price Mitigation Strategies 52

Intelligent Audit

NOVEMBER 5, 2021

In recent years, shipping GRIs among carriers tend to be around 3% to 5% each year. This average shipping rate increase index is a reflection of how carriers look to balance demand with capacity, but it’s not always the same. This comes as industry experts expect an above-average market demand through much of 2022.

Expense Reduction 52

Expense Reduction Cost Reduction Strategies Inventory Reduction Material Savings 52

Locus

DECEMBER 15, 2022

Shipping carriers won’t operate during these times. In a May 2022 survey , 94% of consumers stated that positive customer service experience made them more likely to buy again. It enables you to generate custom reports on on-ground performance like route history, mileage metrics etc. Source: [link]. Custom Delays.

Real-time Visibility 52

Real-time Visibility Predictive Analytics Software Supply Chain Planning Software Optimal Sourcing 52

Unleashed

JUNE 23, 2021

With that in mind, here’s our pick of the 10 most important inventory management trends for 2022. 10 inventory management for 2022: 1. But as the world moves on and we launch into 2022, the IDC expects investment in IoT to not only increase again (from 8.2% This means faster shipping times, and lower transport costs.

Inventory Management Software 80

Inventory Management Software Inventory Reduction Inventory Management Supply Chain Planning Software 80

The Logistics & Supply Chain Management Society

MAY 28, 2022

This evaluation also needs to consider sourcing the technology, implementation and support services necessary to enable the desired outcomes. This becomes increasingly important when we look at the overall digitalization trend, with factory data expected to grow by 400% from 2021 to 2025 (source IDC Manufacturing Insights).

Supply Chain Software 130

Supply Chain Software Supply Chain Network Software Modeling Software Demand Planning Software 130

Precoro

FEBRUARY 12, 2024

According to the 2022 Deloitte Global Treasury Survey , CFOs consider improving liquidity risk management to be a top priority for their treasury departments. There’s a toolkit of metrics to help the treasury department understand the level of liquidity. But why is liquidity management so important?

Optimal Sourcing 102

Optimal Sourcing Expense Reduction Inventory Reduction Negotiating Skills 102

Zipline Logistics

JANUARY 17, 2023

When you think of sustainability, you might think of CPG brands practicing ethical sourcing or using recyclable packaging. At the end of 2022, Tesla delivered its first semis to PepsiCo. greenhouse gas emissions – more than aviation, maritime shipping, and rail combined. . Electric Vehicles . million cars from U.S.

Resource Reduction 78

Resource Reduction Waste Reduction Vendor Strategies Optimal Sourcing 78

Intelligent Audit

FEBRUARY 17, 2022

The world of shipping management and logistics continues to evolve as market conditions change. Maersk , a global leader in transportation, supply chain and logistics management, and general freight, announced February 9, 2022, “The intended acquisition of Pilot Freight Services (Pilot), a leading U.S.-based

Logistics Network Optimization Software 52

Logistics Network Optimization Software Sourcing Strategies Resource Reduction Cost Reduction Strategies 52

Intelligent Audit

MAY 19, 2022

This is according to an early 2022 report from Logistics Management. Successful shipping and transportation operations are at the heart of a strong focus on improving business logistics and daily operations. Implementing changes to consolidated freight shipping and improving operational efficiency can help lower freight costs.

Logistics Network Optimization Software 52

Logistics Network Optimization Software Optimal Sourcing Freight Expense Reduction 52

Intelligent Audit

MAY 2, 2022

As highlighted by Transport Topics in a January 2022 article discussing freight shipping analytics, “ Data shows total truckload rates year-over-year are holding around 12% higher. Aggregate Data to Create a Single Source of Truth for Shipping Insight. Organizations use actionable insights to make data-informed decisions.

Optimal Sourcing 52

Optimal Sourcing Supply Chain Optimization Analytics Software Predictive Analytics 52

Supply Chain Game Changer

AUGUST 23, 2022

Investopedia defines the Cash Conversion Cycle as “a metric that expresses the time (measured in days) it takes for a company to convert its investments in inventory and other resources into cash flows from sales. ” Whichever name you choose to put on this cash management metric and process, the end result is the same.

Negotiate Pricing 94

Negotiate Pricing Supply Chain Software Procurement Analytics Manufacturing Procurement 94