The Logistics & Supply Chain Management Society

OCTOBER 15, 2023

The Approach to Effective Freight Procurement by LSCMS Shippers’ Council Container shipping procurement faces a multitude of challenges shaped by global events, industry shifts, environmental mandates, and technological advancements. Shipping Frequency, Service Routing, Delivery Time, Compensation Clause, etc.,)

Optimal Sourcing 130

Optimal Sourcing Procurement Sourcing Strategies Freight 130

Supply Chain Shaman

OCTOBER 13, 2022

Investments in Data-Driven Capabilities May Not Yield Better Decisions. I also heard Michael Lewis, author of Moneyball, speak on using data to improve the odds of player selection in Baseball. I also heard Michael Lewis, author of Moneyball, speak on using data to improve the odds of player selection in Baseball. The reason?

Supply Chain Planning Software 217

Supply Chain Planning Software Modeling Supply and Demand Supply Chain Software 217

ShipBob

APRIL 12, 2023

This includes metrics such as receiving efficiency, put-away cycle time, put-away accuracy, picking efficiency , and picking cycle time. To measure this, you’ll need to look at your OTIF metric. Conducting a thorough warehouse audit will help you collect reliable data about how different processes are functioning.

Warehousing 52

Warehousing Supply Chain Software Inventory Management Software Demand Planning Software 52

Supply Chain Matters

FEBRUARY 14, 2024

Shipping Lines Warn Red Sea Security Continues to Deteriorate Bloomberg reported last week that the CEO’s of two major shipping lines, which being Maersk and Norden, have both of the view that the security threat level of shipping traversing the Red Sea to and from the Suez Canal has continued to escalate. That compares to $9.8

Transportation 52

Transportation Supply Chain Planning Software Panama Supply Chain Software 52

Logistics Viewpoints

APRIL 21, 2023

Although CMA CGM is best known for being a large container shipping company, it is also the parent of CEVA Logistics. The Wall Street Journal (WSJ) published an article on the increasing use of machinery to create made-to-fit boxes for more efficient fulfillment shipping.

Logistics Network Optimization Software 207

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Unleashed

FEBRUARY 1, 2023

It ensures inventory is shipped in and held at the right level to match customer demand, even as those demands shift for various reasons. Beyond these ‘soft skills’, demand planning requires the ability to analyse data including internal records, manufacturer predictions, consumer trends and behaviours, and market shifts.

Supply and Demand 52

Supply and Demand Demand Planning Supply Chain Planning Software Demand Planning Software 52

The Logistics & Supply Chain Management Society

MARCH 14, 2023

In today’s commercial environ, we are quite fortunate in that these qualitative insights can often be reinforced with more quantitative data. 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.

Optimal Sourcing 130

Optimal Sourcing Logistics Network Optimization Software Procurement Logistics 130

Intelligent Audit

DECEMBER 6, 2022

2, 2023, the money-back guarantee will be temporarily suspended for select FedEx Express® services for U.S. The suspension comes on the heels of recent rate increases from FedEx and UPS — and is sure to frustrate shippers already burdened with lower-than-expected peak season shipping volumes. . Beginning Dec. 13, 2022, through Jan.

Rail Software 98

Rail Software Logistics Network Optimization Software Cost Reduction Strategies Resource Reduction 98

Precoro

NOVEMBER 13, 2023

However, only 30% of CPOs claim they have achieved their cost-saving targets in 2023. One of the ways that procurement teams improve this figure is by tracking and improving the purchase price variance (PPV) metric. This metric can be used for evaluating current performance as well as for financial forecasting.

Purchasing Skills 98

Purchasing Skills Procurement Analytics Negotiating Skills Negotiate Pricing 98

BlueYonder

MAY 18, 2023

Lessons From ICON 2023 This blog was written by Judah Reynolds, with Panasonic Connect’s Marketing Planning & Capabilities Group. He attended ICON 2023 and shares his key takeaways. We rarely think about it, but there are extremely complex supply chain networks working behind the scenes to ensure our expectations are met.

Supply Chain Planning Software 59

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Supply Chain Matters

FEBRUARY 7, 2024

Background In our previously published blog commentary, Amazon’s Noteworthy 2023 Financial Performance , provided our readers highlights and perspectives of Amazon ’s recently reported Q4 and full year 2023 financial performance, which were very well received by company investors. They were widely recognized as a blowout performance.

Supply Chain Network Software 52

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Locus

SEPTEMBER 19, 2023

According to Statista, 68% of online shoppers expect free shipping/delivery and 37% expect next-day delivery. In the face of complex routing and capacity issues, integration issues leading to data silos, visibility problems, and more, carriers and last-mile businesses really have their work cut out for them.

Report 52

Report UAE Expense Reduction Negotiating Skills 52

ShipBob

JANUARY 23, 2023

Today’s customer expectations demand fast and accurate shipping, no matter where they shop online. And now, in 2023, ecommerce sales continue to accelerate. billion between 2023-2027. A ProShip study found that 97% of customers expect the ability to monitor their orders throughout every step of the shipping process.

3PL 98

3PL Cost Reduction Strategies Inventory Reduction Expense Reduction 98

Supply Chain Matters

OCTOBER 12, 2022

Our conclusion from this latest data was that global supply chains have now transitioned away from supply driven contraction to that of product demand driven. However, we would be remiss to not highlight some optimistic data related to overall global supply chain pressures and logistics costs. for September.

Inventory Reduction 59

Inventory Reduction Cost Reduction Strategies Warehousing Price Reduction 59

American Global Logistics

DECEMBER 7, 2022

On a daily basis, these changes facilitate agility that quick, data-based decisions enable to avoid or mitigate unforeseen disruptions. Likewise, ships could not sail into or out of Russia and Ukraine. This metric, referred to as a “Frankenstat” due to its grand scope, has many critics.

Russia 52

Russia Inventory Reduction Price Reduction Modeling 52

Arena Solutions

APRIL 4, 2023

IIoT is the connection of distinct devices within an existing internet infrastructure making it possible for manufacturers to make knowledgeable, strategic decisions using real-time data to improve cost reduction, efficiency, safety, product innovation, and more. Big data The use of big data is increasing in manufacturing.

Manufacturing Procurement 74

Manufacturing Procurement Sourcing Strategies Inventory Reduction Cost Reduction Strategies 74

The Logistics & Supply Chain Management Society

JANUARY 3, 2023

2022 Realities vs 2023 Predictions. It’s about being prepared to weather the storms through resilience, agility, adaptability, efficiency, security, data proficiency, insightfulness, and environmental sustainability – all essential to driving growth and success in the future. Extreme weather and natural disasters will continue.

Predictive Analytics Software 130

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

Unleashed

JULY 25, 2023

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. It helps you to make better purchasing, manufacturing , pricing, and marketing decisions based on the data revealed.

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Inventory Price Reduction 52

6 River Systems

NOVEMBER 11, 2019

General warehouse industry statistics Warehousing costs & revenue statistics Warehouse efficiency statistics Labor statistics in the warehousing industry Automation adoption in the warehousing industry Warehouse performance metrics Warehouse automation stats: General warehouse industry statistics 1. According to data from the U.S.

Warehousing 91

Warehousing Supply Chain Software Supply Chain Planning Software Optimization Software 91

Locus

MARCH 30, 2023

All it took Billy Beane from Oakland A’s to break the myth that more money can win more games was data. Your business needs data that reflects on-ground reality to build cost-effective plans for the final mile, and the need for advanced supply chain analytics arises here!

Predictive Analytics 52

Predictive Analytics Analytics Software Optimal Sourcing Analytics 52

Locus

DECEMBER 23, 2022

Steep shipping costs: According to a survey , 2,000 US retail shoppers say that the top cause (58%) for cart abandonment is high shipping costs. Lack of insights : Data is crucial to understand your customers. This is amplified further during the holiday season, as suggested by data above.

Analytics Software 52

Analytics Software Retail Supply Chain Planning Software Demand Planning Software 52

Resilinc

NOVEMBER 14, 2023

There are so many regulations like UFLPA and the German Due Diligence Act and others that are impacting global logistics and shipping. If a company’s product gets stopped at customs, Resilinc can speed up the process of getting that package released by sending over the mapping data.

Supply Chain Strategy 58

Supply Chain Strategy Sourcing Strategies Manufacturing Procurement Supply Chain Software 58

Locus

DECEMBER 16, 2021

According to Statista, 26% of the total market revenue will be generated through online sales in the fashion segment by 2023 and the number of users in the apparel industry is expected to amount to 229.4 A huge revenue is still created by the fashion industry, with online sales taking the lead. million by 2025.

Supply Chain Planning Software 52

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RFgen

JULY 11, 2017

billion by 2023. from 2017 – 2023. For example, many online retailers have found themselves needing to accelerate order fulfillment and shipping to maintain their competitive place in the industry. Many of these systems involve warehouse automation. This represents a compound annual growth rate of 14.1%

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Network Software Demand Planning Software Inventory Management Software 52

RFgen

JULY 11, 2017

billion by 2023. from 2017 – 2023. For example, many online retailers have found themselves needing to accelerate order fulfillment and shipping to maintain their competitive place in the industry. Many of these systems involve warehouse automation. This represents a compound annual growth rate of 14.1%

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Network Software Demand Planning Software Inventory Management Software 52

SCMDOJO

DECEMBER 14, 2023

Studies say that 25% of customers won’t buy something unless it can be shipped in two days or less. In supply chain management, total lead time is a crucial metric encompassing the period from customer order to delivery, be it in B2B or B2C scenarios. Time is really important in business.

Inventory Reduction 75

Inventory Reduction Vendor Strategies Waste Reduction Cost Reduction Strategies 75

Proxima

AUGUST 25, 2021

The same is true of shipping channels where prices are in some cases 10x higher than in 2019, for an on-time delivery metric (at 38%) that is half as good as 2019. How good is your data? And that means navigating market data. But, getting ahead on data is going to make you more informed when striking deals.

Material Savings 52

Material Savings Price Reduction Waste Reduction Cost Reduction Strategies 52

Unleashed

FEBRUARY 9, 2023

Data insights. Amazon provides detailed data on customer behaviour and preferences, which can help wholesalers make informed business decisions. billion in daily sales , and ships out more than 60,000 products per hour. It also allows you to create business reports, draw on customer metrics, and access Amazon support services.

Inventory Management Software 52

Inventory Management Software Modeling Software Supply Chain Design Software Purchasing Skills 52

ToolsGroup

APRIL 1, 2022

Increased Shipping Costs, Delays, and Transportation Issues. Dealing with the Shipping Container Crisis. But, before we dig into the data – let’s start on a positive note: Supply Chain Statistics Show Challenges, but the Industry Remains Resilient. The semiconductor market has potential to reach overcapacity by 2023.

Material Savings 207

Material Savings Purchasing Skills Supply Chain Planning Software Manufacturing Procurement 207

Zipline Logistics

JANUARY 17, 2023

How you ship products is another way to connect with consumers who are becoming increasingly likely to consider sustainability before making a purchase. . greenhouse gas emissions – more than aviation, maritime shipping, and rail combined. . Tracking Key Metrics to Drive Sustainable Logistics Performance Improvement .

Resource Reduction 78

Resource Reduction Waste Reduction Vendor Strategies Optimal Sourcing 78

Locus

DECEMBER 15, 2022

A survey predicts that e-commerce sales in India will hit the $100 billion mark for the first time in 2023. Shipping carriers won’t operate during these times. Data insights + Machine Learning = Increased ability to predict SLA breaches. Custom Delays.

Real-time Visibility 52

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

Cognira

NOVEMBER 28, 2023

Retailers guide to win holiday promotions November 28, 2023 Promotions Home As the holiday season approaches, retailers take preparatory measurements and tailor their holiday promotions for the most action-packed time of the year. With spending anticipated to hit $1.56 compared to the last year.

Price Reduction 52

Price Reduction Retail Material Savings Procurement Analytics 52

Cognira

OCTOBER 3, 2023

October 3, 2023 Promotions Home In the realm of fast-paced retail, where staying one step ahead of the competition is a strategic imperative, there’s a dynamic force that reigns supreme—promotional pricing. They scrutinize metrics such as sales history, customer demographics, and competitive pricing to craft effective strategies.

Price Reduction 52

Price Reduction Waste Reduction Inventory Reduction Vendor Strategies 52

Precoro

FEBRUARY 12, 2024

As liquidity management requires total visibility into financial data, it helps companies create more accurate scenario analysis and cash forecasting. There’s a toolkit of metrics to help the treasury department understand the level of liquidity. When possible, switching to drop-shipping can improve cash flow immediately.

Optimal Sourcing 102

Optimal Sourcing Expense Reduction Inventory Reduction Negotiating Skills 102

ShipBob

OCTOBER 19, 2023

This metric helps you understand how efficiently you’re making use of available space, which has an influence on profitability and operating efficiency. Common warehouse space utilization challenges in 2023 Many warehouses don’t utilize even half of the capacity for storing inventory.

Warehousing 52

Warehousing Inventory Reduction Waste Reduction Price Mitigation Strategies 52

Logility

FEBRUARY 7, 2023

What lies ahead in 2023 (and beyond) requires an intelligent supply chain strategy to help you automate and accelerate your allocation processes to ensure the right product assortments arrive in stores and back stock that’s held in distribution centers is right sized. Transportation and shipping issues aren’t the only problem, of course.

Optimal Sourcing 142

Optimal Sourcing Optimization Software Supply Chain Optimization Price Mitigation Strategies 142

Locus

MAY 25, 2023

Since the start of 2023, we have been witnessing two news stories in the world of supply chain and logistics. With last-mile delivery incurring 53% of total shipping costs, retail businesses should fulfill these rising customer expectations and simultaneously have a rigorous control over costs. But how’s it possible?

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Modeling Waste Reduction 52