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

ShipBob

APRIL 12, 2023

Between receiving inventory and getting orders delivered to your customers, what happens in your warehouse plays a crucial role in the efficiency of your operations. This includes metrics such as receiving efficiency, put-away cycle time, put-away accuracy, picking efficiency , and picking cycle time.

Warehousing 52

Warehousing Supply Chain Software Inventory Management Software Demand Planning Software 52

Supply Chain Matters

OCTOBER 12, 2022

Indicated in the report summary was: “ The sustained growth in the logistics industry continues to be fueled by high levels of inventory and the associated levels of cost and utilization associated with holding them. According to the September report , growth is increasing for inventory levels, inventory and warehousing costs.

Inventory Reduction 59

Inventory Reduction Cost Reduction Strategies Warehousing Price Reduction 59

Supply Chain Shaman

OCTOBER 13, 2022

While shipping craziness is abating, the issues and implications of the Russian-Ukrainian war, energy shortages in China and Europe, food instability in Africa, and the global water crisis reverberate as disruption after disruption in the supply chain. Last week, Nike reported first quarter 2023 results. We are re-writing the rules.

Supply Chain Planning Software 217

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

Unleashed

FEBRUARY 1, 2023

This feeds into effective inventory management and supply chain planning , and ensures customers receive their goods in a way that is cost-effective, timely and satisfactory for their requirements. Efficient demand planning ensures the business can balance its supply chain requirements and inventory planning with its customer demands.

Supply and Demand 52

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

Supply Chain Matters

FEBRUARY 7, 2024

We believe that these inventory management, customer and last-mile fulfillment strategies will have industry wide implications in terms of competitive stakes and cost-to-serve. Across the United States , Amazon elected to change its former predominant west to east coast hub based inventory and fulfilment distribution network.

Supply Chain Network Software 52

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

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

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

American Global Logistics

DECEMBER 7, 2022

We had a hangover from the pandemic: Which led to continued inventory shortages, closures of manufacturing plants in China, congested ports, and underemployment. 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 Agile and Lean Supply Chain 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. Cost Savings: Reduction in inventory holding costs.

Inventory Reduction 75

Inventory Reduction Vendor Strategies Waste Reduction Cost Reduction Strategies 75

Arena Solutions

APRIL 4, 2023

This strategy enables better supply chain visibility, superior quality control, forging closer bonds with the original equipment manufacturers that buy their products, and decreases shipping costs and time resulting in a more integrated supply chain. Metrics monitoring Real-time data can be accessed globally using cloud computing.

Manufacturing Procurement 74

Manufacturing Procurement Sourcing Strategies Inventory Reduction Cost Reduction Strategies 74

Ware2Go

APRIL 11, 2023

Even with increased demand for 1 to 2-day delivery , advancements in the logistics industry enable merchants to stock their inventory closer to their customers to lower time in transit and reduce next day air shipments (which emit nearly 6 times more carbon than ground shipments).

Examples 52

Examples Sustainability Purchasing Skills Retail 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

DECEMBER 16, 2021

While the top apparel and accessory brands agree that product quality should get better with time, inventory priorities are always fluctuating. Only a modern and digital supply chain that is ever-evolving can manage the product quality, inventory volume, and fashion supplier relationships that the industry requires. million by 2025.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Planning 52

ModusLink Corporation

DECEMBER 13, 2022

Just-in-time inventory philosophies have fallen short and resulted in lost site supply for warehousing and distribution centers, and the post-COVID consumer is more conscious of their decisions. Optimizing labor resources is the most common facet of cross-global fulfillment in 2023. Optimize Labor.

Inventory Reduction 78

Inventory Reduction Resource Reduction Waste Reduction Material Savings 78

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. Conversely, restocking store inventories will require more structured, high-volume shipments.

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. Conversely, restocking store inventories will require more structured, high-volume shipments.

Supply Chain Planning Software 52

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

Unleashed

FEBRUARY 9, 2023

billion in daily sales , and ships out more than 60,000 products per hour. This is your portal for the site, and the central place to view inventory and payments. It also allows you to create business reports, draw on customer metrics, and access Amazon support services. Amazon averages $1.3 Analyse the likely profit.

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. Such measures include communicating with suppliers and customers , using demand shaping to overcome inventory shortages, seeking additional suppliers, and building more onshore facilities. Material Handling & Logistics ).

Material Savings 207

Material Savings Purchasing Skills Supply Chain Planning Software Manufacturing Procurement 207

Precoro

FEBRUARY 12, 2024

There’s a toolkit of metrics to help the treasury department understand the level of liquidity. They encompass cash reserves, accounts receivable, inventory, and marketable securities. Consequently, companies with substantial inventory holdings typically exhibit lower-than-average quick ratios.

Optimal Sourcing 102

Optimal Sourcing Expense Reduction Inventory Reduction Negotiating Skills 102

ShipBob

OCTOBER 19, 2023

Warehouse usage plays a key role in your ecommerce profitability as it determines how much inventory you can stock at a time and how much you’re spending on storage. Making the most of available storage space allows you to store more inventory and have more items available for sale.

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

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. These promotions play crucial roles in seasonal sales, inventory management, and incentivizing bulk purchases.

Price Reduction 52

Price Reduction Waste Reduction Inventory Reduction Vendor Strategies 52

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

Unleashed

APRIL 12, 2023

Outsmart your competition: Check out the Unleashed 2023 Supply Chain Management Guide. B2B fulfillment, also called business-to-business fulfillment, is when one business supplies inventory to another business or retailer, either to use within the business or for resale to their customers. What is B2B fulfillment?

Supply Chain Planning Software 52

Supply Chain Planning Software Inventory Management Software Supply Chain Design Software Supply Chain Software 52

ShipBob

JULY 2, 2023

If you don’t have a reliable manufacturer or shipping provider you could end up with delayed orders, product shortages, or, in the worst case, no product at all. We sold out of our initial inventory very quickly, which blew us away. Now, they’re shipping out 30,000 orders per month and growing.

Purchasing Skills 59

Purchasing Skills Price Reduction Sourcing Strategies Inventory Reduction 59

Unleashed

MAY 10, 2023

By getting better at collecting data, you’ll be able to learn more about your business, including the complex relationships between various metrics. Increased accuracy It’s easy for a human to accidentally put a decimal in the wrong place, miss a field, mistype an address, or ship an incorrect order.

Supply Chain Software 52

Supply Chain Software Supply Chain Design Software Supply Chain Planning Software Inventory Management Software 52

Vinculum

NOVEMBER 11, 2020

8 trillion by 2023. Metrics and pay for each order. Instead, it’s smart to observe to induce into the habit of providing your customers a shorter timeframe than your suppliers because it provides you and your customers some time for regulation to account for any shipping delays or errors. Calm down, though! Spend analysis.

Price Reduction 52

Price Reduction Procurement Solutions Inventory Reduction Policies 52

Intelligent Audit

DECEMBER 13, 2022

USPS Releases On-Time Performance Metrics. 2, USPS revealed its latest delivery performance metrics for the eighth week of the first quarter of the fiscal year 2023. The pilot program will allow customers to quickly access quotes based solely on the size and shipping speed required for their package. .

Price Reduction 52

Price Reduction Waste Reduction Cost Reduction Strategies Inventory Reduction 52

Unleashed

DECEMBER 20, 2022

Popular categories include business software, office supplies, construction materials, and shipping services. Businesses engaged in D2C selling manage their own marketing, sales, and shipping. The global book market is expected to see revenues of $112 billion in 2023 – the highest amount since 2017.

Modeling Software 96

Modeling Software Demand Planning Software Inventory Management Software Forecasting Software 96

Supply Chain Matters

JANUARY 19, 2024

The Supply Chain Matters blog provides our readers with a further update on the ongoing Red Sea shipping disruption including added context and implications. Background Just before the Christmas 2023 holiday, Supply Chain Matters alerted our readers to rather troubling signs for another global-wide shipping disruption.

Shipping 52

Shipping Transportation Supply Chain Planning Software Scenario Planning 52

Ware2Go

MAY 5, 2023

Canadians tend to prioritize products that are made in Canada or eco-friendly, and they are more likely to buy from sellers who offer free shipping or have a fast and reliable delivery service. Sustainable fashion, health and fitness, backyarding and pet-focused are product categories that have been on fire in the first two quarters of 2023!

Canada 52

Canada Inventory Reduction Cost Reduction Strategies Price Reduction 52

Supply Chain Matters

FEBRUARY 5, 2024

reading reported at the end of 2023. Business confidence levels reportedly rose to their highest level since April of 2023. at the end of 2023, to the level of 56.5 reported at the end of 2023. percent in 2023, supported by strong consumer spending. The January 2024 reading of 50.0 increased 1.1 in January.

Manufacturing Procurement 52

Manufacturing Procurement South Korea Manufacturing Global 52

Unleashed

SEPTEMBER 30, 2020

By 2023, 45% of spending in the beer industry will be attributed to out of home spend, namely in bars, pubs and restaurants. By 2023, 73% of spending will come from out of home consumption. from 2020 to 2023. You can also use these metrics to benchmark against similar taprooms in your neighbourhood. It has a 19.9%

Price Reduction 104

Price Reduction Inventory Reduction Cost Reduction Strategies Expense Reduction 104