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. By doing so, businesses can concentrate on their core competencies while benefiting from the expertise and infrastructure of the 3PL provider.

Logistics Network Optimization Software 90

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

Material Handling & Logistics

DECEMBER 14, 2018

To extract its value, business leaders need analytical tools and sophisticated algorithms to refine raw data into insights that can drive better business decision-making. Mistrust of data and analytics tools is not just a supply chain and logistics issue. They also need to be confident that they can trust their data.

Optimal Sourcing 111

Optimal Sourcing Supply Chain Software Sourcing Strategies Pharmaceutical 111

Unleashed

DECEMBER 21, 2023

Inventory management solutions are the systems and processes designed to effectively oversee the entire lifecycle of your business’s inventory, from procurement and storage to distribution and sales. A 3PL provider takes on responsibilities such as warehousing, transportation, and order fulfilment.

Inventory Reduction 52

Inventory Reduction Inventory Management Software Vendor Strategies 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

OCTOBER 4, 2023

However, good inventory management also requires strategic inventory reduction instead of simply procuring more goods. Inventory reduction may also involve preventing excess inventory in the first place and adjusting procurement strategies to focus on SKUs that are more likely to sell.

Inventory Reduction 52

Inventory Reduction Waste Reduction Cost Reduction Strategies Expense Reduction 52

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. ShipBob’s analytics tool is really cool.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 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. A lean business looking to build efficiencies would do well to try and improve this metric. A metric that does what it says on the tin – measures the accuracy of freight bills.

Supply Chain Planning Software 69

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

ShipBob

FEBRUARY 25, 2022

This involves keeping track of critical distribution metrics such as how many orders were shipped out on time because this is vital to determine how efficient their processes are, how satisfied customers will be, and whether they need to make improvements. The OTIF metric isn’t just for measuring delivery performance.

Optimal Sourcing 52

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

ShipBob

SEPTEMBER 24, 2021

Warehouse key performance indicators (KPIs) are metrics associated with warehouse performance. As we started to hit that first inflection point of growth, it became apparent we needed to look for a 3PL that could help us expand geographically in the US and also drive down shipping costs and expenses. Inventory KPIs.

Optimal Sourcing 52

Optimal Sourcing Warehousing Inventory Reduction Inventory Management Software 52

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. Journal Of Business Logistics , 37 (1), 6-17.

Supply Chain Planning Software 73

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

ShipBob

SEPTEMBER 27, 2021

It’s critical for the Director of Ecommerce to be involved in supply chain to at least be in the know on everything from order fulfillment, procurement, and inventory management. Strong analytical skills. Interpreting data and analytics is an important part of being an Ecommerce Director. Ecommerce experience.

Inventory Reduction 59

Inventory Reduction Optimal Sourcing Price Reduction Cost Reduction Strategies 59

ShipBob

SEPTEMBER 27, 2021

It’s critical for the Director of Ecommerce to be involved in supply chain to at least be in the know on everything from order fulfillment, procurement, and inventory management. Strong analytical skills. Interpreting data and analytics is an important part of being an Ecommerce Director. Ecommerce experience.

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Price Reduction Cost Reduction Strategies 52

ShipBob

NOVEMBER 6, 2023

Analytical procedures Doing analytical procedures during inventory audits involves comparing gross margins, inventory turnover ratio , and/or unit costs of inventory with previous years. This helps you understand trends so you can be better informed during inventory procurement and when you’re forecasting demand.

Inventory Reduction 52

Inventory Reduction Inventory Inventory Management Software Forecasting Software 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

ShipBob

MARCH 16, 2022

This is why fill rate is an important metric that ecommerce businesses should track. It also helps you gauge the demand for various SKUs in your inventory and plan your procurement accordingly. Used for measuring the efficiency of warehousing operations, this metric follows the same concept as order fill rate. What is fill rate?

Optimal Sourcing 98

Optimal Sourcing Warehousing Inventory Management Software Optimization Software 98

ShipBob

APRIL 15, 2024

That’s why you need to closely measure metrics such as gross margin return on investment (GMROI). This metric doesn’t just account for the cost of buying inventory. These two metrics can be calculated using their respective formulae. ShipBob finally gave us the visibility and analytics we were looking for.

Inventory Reduction 52

Inventory Reduction Material Savings Price Reduction Cost Reduction Strategies 52

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

NOVEMBER 24, 2021

They are also responsible for managing the fulfillment staff, and for collaborating with external partners such as 3PL s. Working alongside a 3PL and utilizing their WMS software to optimize warehouse and fulfillment operations. Optimizing procurement of inventory by improving vendor relationships, performance, and lead times.

Optimal Sourcing 52

Optimal Sourcing Analytics Software Supply Chain Planning Software Optimization Software 52

ShipBob

SEPTEMBER 3, 2021

Though the pandemic isn’t forever, the push towards digital transformation will continue to support retailers as they build supply chain resilience and be prepared for almost anything — a sudden influx in demand, logistics procurement disruption, natural disasters, or a warehouse closure. What is supply chain transformation?

Supply Chain Planning Software 97

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Inventory Management Software 97

NC State SCRC

APRIL 27, 2016

Will digitization change the way we measure things and monitor metrics? A problem in procurement can impact manufacturing and logistics and planning, but often these dots are never connected, so there never emerges a cross-functional approach to working on them.

Sourcing Strategies 40

Sourcing Strategies Material Savings Cost Reduction Strategies Real-time Visibility 40

Unleashed

APRIL 12, 2023

B2B procurement contracts can last for prolonged periods and be worth millions of dollars. B2B payment plans generally involve the procurement of goods on credit, while B2C payments are paid when an order is placed or on delivery when the goods are received. Learn more: 12 Warehouse Metrics & KPIs You Should Be Tracking 3.

Supply Chain Planning Software 52

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

Unleashed

JUNE 23, 2021

Inventory analytics goes mainstream. Improving efficiencies with data analytics. Connect IoT tech to your cloud software to input critical real-time data to analytics and other business systems. Technology such as cloud software and IoT has made 3PL a more appealing offer in recent years, leading to strong growth in this sector.

Inventory Management Software 80

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

ShipBob

DECEMBER 3, 2021

While this position goes by several other job titles (such as “Logistics Director”, “Head of Logistics”, and “Director of Supply Chain”), its basic purpose is always the same: to manage every step in the supply chain, including procurement , production, inventory management , fulfillment, and shipping. What does a Logistics Director do?

Negotiating Skills 52

Negotiating Skills Logistics Network Optimization Software Supply Chain Planning Software Optimal Sourcing 52

6 River Systems

DECEMBER 13, 2019

Not only does warehouse optimization result in a healthier bottom line, but it also improves key warehouse metrics like accurate orders and on-time delivery. After implementing Chuck by 6 River Systems , one leading 3PL doubled its pick rates and improved order accuracy to 99.9%.

Optimal Sourcing 81

Optimal Sourcing Optimization Software Price Mitigation Strategies Modeling 81

ShipBob

MARCH 3, 2022

Only when you know how much it costs to produce or procure a single unit of any SKU can you make more informed decisions on how much to sell it for. Below is how the relationship between these two metrics affects profitability: Break-even point is attained when cost per unit = price per unit.

Cost Reduction Strategies 52

Cost Reduction Strategies Material Savings Price Reduction Inventory Reduction 52

6 River Systems

DECEMBER 11, 2018

Implement supply chain actions, including with internal procurement teams, with suppliers and through broader collaboration, and develop measurable targets for these efforts. “A 3PL can provide a range of fulfillment services, from setup, to shipping, to customer service. .

Inventory Reduction 75

Inventory Reduction Cost Reduction Strategies Resource Reduction Sourcing Strategies 75

6 River Systems

JULY 25, 2019

With a veritable zoo of supply chain and logistics/3PL software out there, the challenge for merchants is real: how can a business effectively and strategically tie all supply chain data together in such a way that keeps the business itself nimble to change? . They are multi-national and do $3.5B/year.

Supply Chain Planning Software 96

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Strategy 96

Talking Logistics

DECEMBER 20, 2017

What also separates the leaders from the laggards is their use of online auction marketplaces, business intelligence and analytics, and lotting strategy to improve their liquidation process and effectiveness. However, competing on customer experience without taking a financially-disciplined and informed approach can be a recipe for failure.

Predictive Analytics Software 92

Predictive Analytics Software Supply Chain Design Software Supply Chain Planning Software Logistics Network Optimization Software 92

GlobalTranz

FEBRUARY 10, 2017

Furthermore, Big Data will transform how companies view operations through a combination of internal and external metrics, merging all processes from procurement logistics with last-mile delivery. Hyper-Local Demand Will Drive Last-Mile Freight Delivery and Optimization. Remember the Amazon Barbell?

Third Party Logistics 120

Third Party Logistics Logistics Network Optimization Software Procurement Analytics Purchasing Skills 120