The Logistics & Supply Chain Management Society

OCTOBER 15, 2023

This proactive approach not only streamlines the sourcing process but also increases the likelihood of finding the right transportation service providers who can meet specific needs and expectations. Freight Procurement The actual Freight Procurement Stage is the heart of the transportation service sourcing process for shippers.

Optimal Sourcing 130

Optimal Sourcing Procurement Sourcing Strategies Freight 130

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

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

Logistics Viewpoints

APRIL 4, 2022

A large multinational is undergoing an impressive supply chain transformation that will run through 2023. They source from approximately 15,000 suppliers with a sourcing spend of over €7 billion. For some customers, they manage the inventory using a vendor managed inventory program. A Complex Supply Chain.

Supply Chain Transformation 193

Supply Chain Transformation Supply Chain Planning Software Modeling Scenario Planning 193

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

Taulia

AUGUST 29, 2023

Source suppliers strategically Supply chains are ultimately made up of suppliers. So, choosing the right suppliers – a process known as strategic sourcing – is vital when it comes to establishing a strong and efficient supply chain that ensures business objectives are met.

Supply Chain Planning Software 52

Supply Chain Planning Software Material Savings Optimal Sourcing Sourcing Strategies 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

Supply Chain Matters

JUNE 7, 2023

Logistics Managers Index (LMI) that dropped to an all-time low for May 2023. not only described as a “ significant rate of contraction ,” but also the first time that this particular metric has reached such a low level. © Copyright 2023, The Ferrari Consulting and Research Group and the Supply Chain Matters® blog.

Negotiating Skills 52

Negotiating Skills Logistics Network Optimization Software Logistics Material Savings 52

Arena Solutions

APRIL 4, 2023

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. Reshoring and near-sourcing Many businesses are returning product manufacturing from foreign countries to their home countries (reshoring).

Manufacturing Procurement 74

Manufacturing Procurement Sourcing Strategies Inventory Reduction Cost Reduction Strategies 74

Operations and Supply Chain Management

NOVEMBER 21, 2023

Unlock the Power of Concurrent Planning – 5 Best Practices Victoria Klimova Published Jun 29, 2023 The Future of Supply Chain Planning is Concurrent Concurrent planning can bring significant benefits to supply chain management. Natural disasters, pandemics and other disruptions can challenge supply chain planning.

Supply Chain Planning Software 40

Supply Chain Planning Software Scenario Planning Supply Chain Planning Optimal Sourcing 40

Resilinc

FEBRUARY 7, 2023

YOY in 2022, a metric due partly to its robust sales of mid-size pickups, according to CNBC. ESG Concerns About Battery Minerals Major ESG questions also loom over the sourcing of critical battery minerals. What will the Automotive Industry look like in 2023? million vehicles, a sales total not seen since 2011. sales up by 2.5%

Automotive 62

Automotive Industrial Industry Manufacturing Procurement 62

Logistics Viewpoints

MARCH 9, 2023

This is because most classical planning solutions lack the modeling capability and computing power to accommodate different data sources, large SKU count, and detailed constraints and contingencies to build an immediately executable plan. each with discrete plans generated typically in sequential batch runs.

Supply Chain Planning Software 200

Supply Chain Planning Software Modeling Forecasting Software Optimization Software 200

ThroughPut

SEPTEMBER 29, 2022

ThroughPut helps companies achieve this quickly by leveraging our Supply Chain AI on their existing disparate data sources”. . Join our upcoming webinar to learn more – Getting your 2023 Supply Chain and Finances Right – The How, Which, and When of Supply Chain Risk Mitigation. Key Financial Capabilities.

Optimal Sourcing 52

Optimal Sourcing Supply Chain Planning Software Resource Reduction Inventory Reduction 52

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

Unleashed

APRIL 10, 2023

Deep dive: Check out the 2023 Manufacturing Productivity Guide. Opportunities include underutilised workers, excess inventories , and ineffective processes. TQM relies heavily on data and performance metrics to make decisions about change. What is process improvement in manufacturing?

Manufacturing Procurement 52

Manufacturing Procurement Six Sigma Optimal Sourcing Waste Reduction 52

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

Logility

FEBRUARY 23, 2022

As we head into our final quarter of fiscal 2022, we expect to build upon our momentum as we execute against our growing pipeline and position the company for strong growth in fiscal 2023 and beyond.”. Demand Management, Inc. Customers of New Generation Computing, Inc.

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Design Software Logistics Network Optimization Software Demand Planning Software 130

Precoro

MAY 22, 2023

In fact, spending on software will see double-digit growth in 2023, emphasizing its importance in driving business success as well as stability in the midst of economic turbulence. It plays a vital role in managing an organization's inventory of IT assets, reducing redundancy, and lowering the risk of downtime or service interruptions.

Procurement Solutions 52

Procurement Solutions Procurement Analytics Pricing Training Purchasing Skills 52

RFgen

JULY 11, 2017

billion by 2023. from 2017 – 2023. All of this must be done without sacrificing key performance metrics, such as inventory shrinkage and customer satisfaction rates. 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. All of this must be done without sacrificing key performance metrics, such as inventory shrinkage and customer satisfaction rates. 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

Supply Chain Trend

DECEMBER 22, 2023

I see more strategic decisions (close a plant or DC, enter a new product category, change in strategic sources) more in this category as well (which is different than what I show in figure 4). A 2023 study of 160 companies found only 15% of companies excell at both. Decision quality will become a performance metric in IBP.

Supply Chain Planning Software 78

Supply Chain Planning Software Supply Chain Planning Scenario Planning Negotiating Skills 78

ThroughPut

OCTOBER 7, 2022

With COVID-19 shattering most of the old ways of predicting demand and inventory management challenges and uncertainty persisting across several dimensions along with deep changes in consumer behavior, it has become crucial for businesses to understand these new patterns. 5 demand planning and forecasting methods that can make a difference.

Forecasting 52

Forecasting Modeling Supply and Demand Forecasting Software 52

Unleashed

FEBRUARY 9, 2023

This guide outlines how to set up an Amazon wholesaling business from scratch, including how to source products, manage stock, and grow your store. This is your portal for the site, and the central place to view inventory and payments. eCommerce inventory management is a core element of successful Amazon wholesaling.

Inventory Management Software 52

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

ToolsGroup

APRIL 1, 2022

Such measures include communicating with suppliers and customers , using demand shaping to overcome inventory shortages, seeking additional suppliers, and building more onshore facilities. 28% of global retailers have tried to find alternative sourcing options due to supply chain issues (RetailNext, 2020). Source: Consultancy.UK.

Material Savings 207

Material Savings Purchasing Skills Supply Chain Planning Software Manufacturing Procurement 207

Logistics Viewpoints

APRIL 28, 2023

FedEx and UPS enacted higher rate increases for 2023 versus the previous year, which they attributed in part to inflationary pressures. tractor fleet and sourcing 100 percent renewable energy by 2030, according to the press release. British supermarkets source peppers exclusively from Spain during the winter months.

Material Savings 202

Material Savings Purchasing Skills Logistics Network Optimization Software Logistics 202

ThroughPut

JULY 6, 2021

For example, a Deloitte e-commerce study has predicted that the global online retail volume is expected to grow at a rate of 15% till 2023. With the amount of erratic consumer behavior witnessed during the pandemic, relying only on historical data to forecast or manage or optimize inventory isn’t enough. Demand sensing method.

Supply and Demand 52

Supply and Demand Forecasting Demand Planning Forecasting Software 52

Supply Chain Matters

JULY 20, 2023

Supply Chain Matters provides highlights added perspectives to EV automaker Tesla’s report of Q2-2023 financial performance this week. After reporting record Q2-2023 production out and vehicle deliveries earlier this month , Tesla r eported all-time high automotive sales and added profitability performance in the recent quarter.

Cost Reduction Strategies 52

Cost Reduction Strategies Price Reduction Inventory Reduction Expense Reduction 52

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

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.

Optimal Sourcing 142

Optimal Sourcing Optimization Software Supply Chain Optimization Price Mitigation Strategies 142

NC State SCRC

JANUARY 16, 2024

Dan Finkenstadt used his Chat GPT programs to analyze the NDIS and compare it to the recommendations developed in our book, Supply Chain Immunity: Overcoming our Nation’s Sourcing Sickness in a Post-Covid World. We will need to establish real-time visibility into inventory and material, and be able to react to unexpected events as they occur.

Sourcing Strategies 72

Sourcing Strategies Material Savings Inventory Reduction Resource Reduction 72

Taulia

JUNE 26, 2023

Blog Expert Advice 8 min read 26 Jun 2023 By Taulia Share: Share via linkedin Share via twitter Share via facebook Share via email Copied Copy page URL to clipboard The supply chain process: Step by step The supply chain process influences how effectively you manage costs, mitigate risks, and meet customer expectations.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Manufacturing Procurement 52

BlueYonder

SEPTEMBER 19, 2023

A WMS is a software platform that collects real-time information on all the moving parts of a distribution center (DC) regardless of size — whether it’s manned, fully automated or even a dark DC, equipped to handle inventory based on systems commands. If it’s part of the warehouse, it’s captured and reflected in the WMS. Automation.

Logistics Network Optimization Software 77

Logistics Network Optimization Software Optimization Software Supply Chain Planning Software Supply Chain Network Software 77

Taulia

JULY 11, 2023

Blog Expert Advice 8 min read 11 Jul 2023 By Taulia Share: Share via linkedin Share via twitter Share via facebook Share via email Copied Copy page URL to clipboard 5 supply chain initiatives to combat ESG risks Environmental, social, and governance (ESG) risks are a threat to both the operational health and reputation of diverse companies.

Optimal Sourcing 40

Optimal Sourcing Waste Reduction Supply Chain Optimization Material Savings 40

Cognira

AUGUST 2, 2023

Fresh Item Promotion Planning: Overcoming Challenges and Maximizing Value August 2, 2023 Promotions Home Fresh item promotion planning presents unique challenges and opportunities for merchants and marketers in the retail industry. This ensures optimal utilization of inventory and minimizes loss.

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Price Reduction Resource Reduction 52

BlueYonder

APRIL 24, 2023

ICON 2023 , the annual Blue Yonder customer conference held May 2-5, 2023, in Las Vegas, will address the most pressing challenges facing supply chain professionals today. Learn More at ICON 2023 This blog is only meant to offer a preview of this value-added new offering for Blue Yonder customers. The end result?

Optimal Sourcing 71

Optimal Sourcing Modeling Optimization Software Supply Chain Optimization 71

ShipBob

JULY 2, 2023

Source new ones. We sold out of our initial inventory very quickly, which blew us away. ” Dwight Lee, Co-Founder and COO at H ero Cosmetics Step 4: Evaluate key metrics Throughout step 3 and beyond, you need to be measuring key metrics. .” Do users find a particular feature confusing or complicated?

Purchasing Skills 59

Purchasing Skills Price Reduction Sourcing Strategies Inventory Reduction 59

Cognira

AUGUST 2, 2023

Fresh Item Promotion Planning: Overcoming Challenges and Maximizing Value August 2, 2023 Promotions Home Fresh item promotion planning presents unique challenges and opportunities for merchants and marketers in the retail industry. This ensures optimal utilization of inventory and minimizes loss.

Cost Reduction Strategies 52

Cost Reduction Strategies Price Reduction Inventory Reduction Supply Chain Planning Software 52