ShipBob

NOVEMBER 6, 2023

Table of Contents ** Minutes What is an inventory audit? When it comes to selling goods, ecommerce businesses may audit their inventory — whether it’s for tax purposes annually or to simply verify units on hand. Inventory audits can be done in-house or by a third party and represent one point in time. What is an inventory audit?

Inventory Reduction 52

Inventory Reduction Inventory Inventory Management Software Forecasting Software 52

Parade

MARCH 3, 2021

In this article, we explore Invoice Reconciliation tools as a core piece of every digital 3PL/freight brokerage’s operations. Invoice remediation is especially burdensome for small freight, “less than truckload” shippers that deal with multiple units of inventory, and thus multiple invoices, per shipment. Activity Logs & Analytics.

Supply Chain Software 148

Supply Chain Software Resource Reduction Waste Reduction Cost Reduction Strategies 148

ShipBob

JANUARY 17, 2022

Supply chain execution refers to the process of driving the flow of goods within the supply chain – starting from procurement all the way through final-mile delivery. This may include production planning to decide on manufacturers and suppliers, as well as developing procurement strategies based on forecasted demand and production lead times.

Supply Chain Execution 52

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

SCMDOJO

JULY 24, 2023

Contract logistics is a specialized service offered by third-party logistics (3PL) providers to manage supply chain operations on behalf of a company. It involves outsourcing logistics activities, such as warehousing, transportation, distribution, inventory management, and order fulfillment, to a dedicated logistics service provider.

Logistics Network Optimization Software 90

Logistics Network Optimization Software Optimal Sourcing Negotiating Skills Inventory Management Software 90

ShipBob

DECEMBER 25, 2023

It’s a form of supply chain digitization that ensures every element, from sourcing raw material inventory to product delivery, is coordinated and managed through a centralized platform. The need for more SKUs increases complexities in sourcing, procurement, inventory management, package tracking — the list goes on.

Supply Chain Planning Software 52

Supply Chain Planning Software Optimal Sourcing Inventory Management Software Supply Chain Software 52

ShipBob

SEPTEMBER 29, 2021

From managing inventory flow to ensuring that customers receive shipments on time, retail logistics streamlines the different stages of your ecommerce supply chain to keep your business running smoothly. Stages of the retail logistics process includes warehouse receiving , inventory management, fulfillment, and shipping.

Optimal Sourcing 52

Optimal Sourcing Logistics Network Optimization Software Optimization Software Inventory Management Software 52

ShipBob

SEPTEMBER 20, 2021

The process involves complex steps, from procurement, to shipping products to end users, often resulting in a lack of visibility and high operational costs. End-to-end (E2E) supply chain refers to all supply chain processes, from logistics procurement to the post-sale customer experience. . Procurement & manufacturing.

Optimal Sourcing 52

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

Parade

MARCH 3, 2021

In this article, we explore Invoice Reconciliation tools as a core piece of every digital 3PL/freight brokerage’s operations. Invoice remediation is especially burdensome for small freight, “less than truckload” shippers that deal with multiple units of inventory, and thus multiple invoices, per shipment. Activity Logs & Analytics.

Supply Chain Software 78

Supply Chain Software Resource Reduction Waste Reduction Cost Reduction Strategies 78

Parade

MARCH 3, 2021

In this article, we explore Invoice Reconciliation tools as a core piece of every digital 3PL/freight brokerage’s operations. Invoice remediation is especially burdensome for small freight, “less than truckload” shippers that deal with multiple units of inventory, and thus multiple invoices, per shipment. Activity Logs & Analytics.

Supply Chain Software 78

Supply Chain Software Resource Reduction Waste Reduction Cost Reduction Strategies 78

SCMDOJO

AUGUST 21, 2023

These insights guide businesses in forming high-performing procurement teams, thereby fostering a seamless and efficient supply chain network. Moreover, his content delves beyond procurement, unraveling the core competencies and skills essential for triumphant supply chain management.

Negotiating Skills 97

Negotiating Skills Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing 97

ToolsGroup

SEPTEMBER 25, 2019

ToolsGroup is a global provider of service-driven supply chain planning and demand analytics software. Our customers overcome demand volatility and supply chain complexity for outstanding service levels with reduced inventory. ###. About ToolsGroup. Visit www.ToolsGroup.com and follow us on Twitter @ToolsGroup. About Spinnaker.

Supply Chain Planning Software 136

Supply Chain Planning Software Supply Chain Planning Optimal Sourcing Supply Chain Software 136

Logistics Bureau

APRIL 3, 2023

Access to Economies of Scale By outsourcing manufacturing, logistics, or other supply chain support activities such as procurement , your company may access the economies of scale enjoyed and passed on by specialist service providers. Your organisation may be one of many that a contract partner serves.

Optimal Sourcing 73

Optimal Sourcing Cost Reduction Strategies Material Savings Inventory Reduction 73

Unleashed

OCTOBER 4, 2023

Some of the main steps involved in the order fulfilment process include: Inventory management Picking and packing Tracking and communication Shipping and delivery Customer service Returns management Fulfilment costs can represent up to 30% of an eCommerce company’s total operating expenses. It also ensures that resources are used efficiently.

Inventory Reduction 52

Inventory Reduction Sourcing Strategies Resource Reduction Cost Reduction Strategies 52

Talking Logistics

JULY 24, 2015

billion, which if it happens, would be another large deal in the third-party logistics (3PL) industry since December (see, for example, FedEx acquisition of GENCO and XPO Logistics acquisition of Norbert Dentressangle ). For related commentary, see Is the 3PL Industry Becoming Barbell Shaped? and Convergence is the Word for 3PLs.

Logistics Network Optimization Software 100

Logistics Network Optimization Software Optimal Sourcing Supply Chain Design Software Supply Chain Planning Software 100

ShipBob

OCTOBER 1, 2021

In this article, we’ll discuss why lean supply chains are gaining popularity, why ecommerce retailers should consider moving to lean supply chains, the best lean supply chain techniques, and how to use the right 3PL partner to help you transition to a leaner supply chain. Reduce inventory waste. What is a lean supply chain?

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 52

ShipBob

JUNE 29, 2022

When selling products online, you need to invest in software and tools that will be able to let you effectively receive and process orders, manage inventory, and automate different tasks. Additionally, it should also come with comprehensive analytics tools so you can keep track of your performance. BigCommerce – Plans start at $29.95/mo.

Inventory Management Software 52

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

Talking Logistics

APRIL 25, 2019

With more and more brands looking to develop their e-commerce capabilities, their needs for moving and handling inventory are shifting as well. Data analysis is used to compare maintenance costs, ensuring MHE procurement choices are cost-effective. To keep up, many businesses have found success in partnerships.

Material Savings 101

Material Savings Modeling Software Supply Chain Planning Software Analytics Software 101

ShipBob

MAY 6, 2022

Combined with a lack of supply chain forecasting , you’ll have a hard time accurately forecasting how much inventory you will need in the near future. Inventory overstocking. Monitor supply chain analytics to keep track of important supply chain KPIs such as inventory turnover , supply chain costs, and customer order cycle time.

Supply Chain Software 52

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

ShipBob

SEPTEMBER 27, 2021

Ensuring products have optimal and accurate pricing information , reviewing the online catalog , and checking inventory ahead of promotions (e.g. Dollar discounts, percentages off, buy one, get one deals, and free shipping are great incentive options to entice new and returning customers to make a purchase (or deplete old inventory).

Inventory Reduction 59

Inventory Reduction Optimal Sourcing Price Reduction Cost Reduction Strategies 59

GlobalTranz

OCTOBER 5, 2015

This advancement is based on the potential to integrate relevant data at any point in the value chain, define inter-dependencies from the data almost instantaneously, and utilize advanced analytics to develop highly targeted solutions. 11 Improvements by the Deployment of the Internet of Things in the Supply Chain. equipment uptime.

Internet of things 120

Internet of things Optimal Sourcing Supply Chain Design Software Supply Chain Planning Software 120

IQMS

OCTOBER 18, 2019

Key factors influencing inventory levels, supplier quality, demand forecasting, procure-to-pay, order-to-cash, production planning, transportation management and more are becoming known for the first time. How the Use of Big Data Analytics Affects Value Creation in Supply Chain Management. no opt-in). Preston, D.

Supply Chain Planning Software 73

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Analytics Software 73

ShipBob

SEPTEMBER 27, 2021

Ensuring products have optimal and accurate pricing information , reviewing the online catalog , and checking inventory ahead of promotions (e.g. Dollar discounts, percentages off, buy one, get one deals, and free shipping are great incentive options to entice new and returning customers to make a purchase (or deplete old inventory).

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Price Reduction Cost Reduction Strategies 52

Zipline Logistics

JANUARY 10, 2023

Andrew Lynch is President and Co-Founder of Zipline Logistics , an award-winning North American 3PL that specializes exclusively in the transportation of retail consumer goods. I moved to Chicago to work for the world’s largest 3PL and quickly fell in love with the constant opportunity to solve problems. About Andrew Lynch.

Supply Chain Software 52

Supply Chain Software Security Supply Chain Strategy Logistics Network Optimization Software 52

ShipBob

FEBRUARY 6, 2023

These technology solutions assist businesses in carrying out various warehousing functions, which may include order processing , inventory management, packing and fulfillment, internal movement of goods, receiving and storage, and many more. Additionally, they come with powerful analytics and forecasting abilities.

Inventory Management Software 52

Inventory Management Software Supply Chain Planning Software Optimization Software Predictive Analytics Software 52

ShipBob

APRIL 15, 2024

That means you must see a sufficient return on your inventory investment. In other words, you need to make more money selling your inventory than you spent to acquire, store, and fulfill orders with it. In this post, we’ll cover what GMROI is and why it’s important for your retail inventory management.

Inventory Reduction 52

Inventory Reduction Material Savings Price Reduction Cost Reduction Strategies 52

Unleashed

MARCH 31, 2021

These may be known as logistics service providers (LSPs) or third-party logistics (3PL) providers, depending on the context for which they are needed. You’ll see that the KPIs in both supply chain management and logistics are very similar, in that they often track the movement or storage of inventory. Inventory days of supply.

Supply Chain Planning Software 69

Supply Chain Planning Software Logistics Network Optimization Software Supply Chain Software Agile and Lean Supply Chain 69

20Cube Logistics

AUGUST 2, 2019

This helps organisations achieve efficiency and cost-effectiveness, helping them transform their supply chain processes by better forecasting and procurement planning. . Thus, enabling the supply chain not only in achieving Just In Time inventory models but also managing their sales predictions. . and achieve just in time inventory.

Real-time Visibility 40

Real-time Visibility Logistics Network Optimization Software Data Optimal Sourcing 40

GlobalTranz

MAY 21, 2015

This requires a new broad look at the business of transportation supply chain, including supply chain management, logistics, & procurement. Many manufacturers & retailers have found that they can use state of the art supply chain management to reduce inventory & warehousing costs while speeding up delivery to the end customer.

Supply Chain Planning Software 120

Supply Chain Planning Software Cost Reduction Strategies Supply Chain Software Sourcing Strategies 120

ShipBob

SEPTEMBER 24, 2021

Fast fulfillment starts with proper warehouse management , which determines how efficiently you receive, track, and store inventory in a way that gets customers orders out the door faster. Warehousing requires keeping a close eye on performance by monitoring KPIs related to receiving, inventory management, and fulfillment. .

Optimal Sourcing 52

Optimal Sourcing Warehousing Inventory Reduction Inventory Management Software 52

ShipBob

FEBRUARY 25, 2022

A good OTIF score starts from the supplier purchasing and procurement process. Even if you have enough inventory on hand, you could still struggle with a low OTIF score due to issues in your warehousing and storage. Lack of inventory visibility. It’s strongly connected to other aspects of your supply chain and performance.

Optimal Sourcing 52

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

ShipBob

SEPTEMBER 25, 2023

From that information, build a list of products that you know are legal for you to sell and stick with your regular inventory to avoid any legal mishaps. Fulfill and ship customer orders You’ll need a system for warehousing your CBD products and managing inventory over time. All you do is market the product without touching inventory.

How To 98

How To Demand Planning Software Supply Chain Planning Software Analytics Software 98

Talking Logistics

SEPTEMBER 6, 2016

The technology streamlines planning and execution while also collecting data to be leveraged for detailed analytics, reporting on a company’s supply chain efficiencies and effectiveness. Analytics provided from a TMS can assist in identifying areas of the supply chain that can be optimized. Targeted Procurement.

Optimal Sourcing 100

Optimal Sourcing Logistics Network Optimization Software Transportation Cost Reduction Strategies 100

ShipBob

APRIL 20, 2022

Additionally, they have a good chance of maintaining a high inventory turnover ratio since they’re shipping out large quantities of orders at one time. The cost of procurement can easily build up when you have to buy thousands of units to qualify for wholesale pricing. Another important consideration is fulfillment.

Retail 52

Retail Sourcing Strategies Purchasing Skills Price Reduction 52

ShipBob

AUGUST 30, 2021

Fortunately, modern supply chain technology is designed to help online brands optimize their supply chain through greater visibility, including access to advanced data and analytics. What are supply chain analytics? What is supply chain analytics software? What supply chain analytics can do for your business.

Prescriptive Analytics Software 52

Prescriptive Analytics Software Analytics Software Supply Chain Planning Software Supply Chain Design Software 52

The Logistics of Logistics

MARCH 11, 2013

Among the real time supply chain focus areas highlighted are multi-level inventory optimization (flow of goods through a given number of locations), demand signal repository (holds downstream data for better plans/responsiveness), sales and operations planning, and leveraging the point of sales (POS) data across the supply network.

Real-time Visibility 113

Real-time Visibility Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 113

ShipBob

NOVEMBER 15, 2021

In this article, we will discuss what logistics planning is, why it’s important for ecommerce, tips on how to optimize your logistics plan, and how a 3PL like ShipBob can help facilitate business growth by handling all internal and external logistics processes. What is logistics planning? Meet customer demand quicker.

Supply Chain Planning Software 98

Supply Chain Planning Software Logistics Network Optimization Software Material Savings Negotiating Skills 98

ShipBob

MARCH 16, 2022

It also helps you gauge the demand for various SKUs in your inventory and plan your procurement accordingly. Automated tools like the ShipBob Analytics dashboard makes the job easier by automatically recording the number of orders that were placed and fulfilled as well as orders that are still processing. Types of fill rate.

Optimal Sourcing 98

Optimal Sourcing Warehousing Inventory Management Software Optimization Software 98