Unleashed

JULY 25, 2023

The inventory turnover ratio measures how often stock is sold and replaced over time. 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. What’s the difference?

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Inventory Price Reduction 52

ShipBob

JANUARY 15, 2024

If you don’t have enough inventory on hand you risk selling out. Too much, and you’ll be stuck with an inventory glut. An inventory glut occurs when a company has surplus inventory and the stock of products far exceeds its demand. What is inventory glut? Inventory glut affects businesses both large and small.

Inventory Reduction 52

Inventory Reduction Price Reduction Cost Reduction Strategies Waste Reduction 52

GlobalTranz

SEPTEMBER 23, 2021

A Possible Stimulus on the Horizon May Increase the Challenge of Procurement Through Peak Season. A stimulus on the horizon further increases the risks of a higher trend in consumer purchasing. Rapid Scalability and Leveraging the Collective Buying Power of a Large 3PL. transportation metrics ?that are liable?network

Prescriptive Analytics Software 308

Prescriptive Analytics Software Optimal Sourcing Pricing Training Negotiating Skills 308

ShipBob

NOVEMBER 29, 2023

And two days ago a few units were reported stolen. These physically unaccounted-for units of inventory called ghost inventory, or phantom inventory , are a more common challenge faced by retailers than you think. Often, the items accounted for in the asset register do not reconcile with what is in the inventory.

Purchasing Skills 52

Purchasing Skills Inventory Inventory Management Software Forecasting Software 52

GlobalTranz

OCTOBER 21, 2015

Editor's Note: As of late you may have noticed we have written a lot about procurement and the future of procurement. A large part of procurement is finalizing the contract and then the follow through of the determined deliverables in that agreement. For example: Inventory Record Accuracy has to be 98-100% accurate daily.

KPI 120

KPI Negotiating Skills 3PL Optimal Sourcing 120

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

SCMDOJO

AUGUST 4, 2023

Are you tired of dealing with excessive inventory levels that eat up your storage space, tie up your capital, and hinder your company’s growth? If so, then it’s time to consider the numerous benefits of reducing inventory. Inventories are designed to match customer(s) demand. The same applies to inventory reduction.

Inventory Reduction 90

Inventory Reduction Material Savings Cost Reduction Strategies Waste Reduction 90

GlobalTranz

JULY 13, 2015

Throughout the supply chain, the use of metrics to track and understand processes provides an invaluable resource for ensuring increased production and customer satisfaction. What Distribution Center Metrics Need Tracking? However, the most important metrics can be categorized into the following eight areas. On-Time Shipping.

Procurement Analytics 120

Procurement Analytics Metrics Distribution Inventory Reduction 120

3rdwave

JULY 20, 2020

Too often – make that almost always – importers and exporters (BCOs – Benefiticcial Cargo Owners) are dependent on their NVOCC, Freight Forwarder or 3PL (3PL) to provide them with visibility into their global supply chains. Advantage 3PL. The cost of dependency is huge.

3PL 54

3PL Freight Procurement Analytics Negotiating Skills 54

Logistics Viewpoints

OCTOBER 19, 2023

The issue wasn’t poor planning – they had the inventory. When the 3PL driver delivered it a few months later he noticed it was damaged and submitted a request for a replacement. Multiple calls only muddied the waters, but a few things became clear: inventory was in the warehouse, but my order for it was stuck.

Supply Chain Planning Software 225

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Planning 225

ShipBob

NOVEMBER 24, 2023

The root of many inventory management challenges lies in treating all stock equally—when in reality, each item should be assessed and segmented individually. This is where inventory segmentation can help. It’s a strategy that categorizes inventory based on factors like demand patterns, lead time, value, and more.

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Sourcing Strategies Inventory Management Software 52

ShipBob

JANUARY 23, 2023

This year over 20% of purchases are expected to take place online , compared to 17.8% Many brands have turned to a tech-enabled third-party logistics (3PL) company to help reduce costs by tapping into the technology and infrastructure needed to optimize the last-mile delivery phase. that doesn’t cut into profits isn’t possible.

3PL 98

3PL Cost Reduction Strategies Inventory Reduction Expense Reduction 98

Vinculum

AUGUST 15, 2021

You can buy land and develop your warehouse, or purchase the right warehouse management for your business. Gain insights into warehouse management with 3PL in this blog. Warehouse management comprises the following processes: Inventory tracking. 5 advantages of Warehouse management with a 3PL. Picking and packing.

Supply Chain Design Software 52

Supply Chain Design Software Inventory Management Software Forecasting Software Supply Chain Network Software 52

Supply Chain Game Changer

NOVEMBER 28, 2019

Third-party logistics (or 3PL) providers, are standing on the brink of breakout growth. The shipper ecosystem is burgeoning with more delivery orders, more inventory to be managed, more deliveries and more services than ever before. The global 3PL market, valued at $728.6B 3PLs and Logistics Operations – What’s Changed?

Logistics Network Optimization Software 83

Logistics Network Optimization Software 3PL Optimal Sourcing Supply Chain Planning Software 83

ShipBob

OCTOBER 16, 2023

How to calculate reorder points ShipBob keeps reorder points simple Reorder point formula FAQs Maintaining proper inventory levels is an elegant dance that must balance consumer demand and supplier reliability. Implementing reorder points allows you to trigger a new order so you don’t get close to running out of inventory.

Forecasting Software 98

Forecasting Software Inventory Management Software Demand Planning Software Supply Chain Planning Software 98

GlobalTranz

APRIL 6, 2021

But the rapid shift from retail to online purchasing for staples and the surge for protective equipment, as well as unanticipated products like bread makers and home-schooling items, left many retailers flatfooted. The demand caught off-guard those retailers and suppliers who relied on just-in-time inventory practices. Overall, U.S.

Supply Chain Planning Software 189

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Supply Chain 189

Unleashed

OCTOBER 30, 2023

Ecommerce consumers want fast, accurate deliveries and a transparent purchasing process. In this guide, we break down the WooCommerce order fulfilment process and how it works, with actionable tips for optimising your fulfilment strategy to bring costs down and boost productivity.

Inventory Management Software 52

Inventory Management Software Manufacturing Procurement Procurement Solutions Material Savings 52

GlobalTranz

FEBRUARY 17, 2016

Today, I will now address how a focus on inventory will allow for warehouse cost reductions as well. These are based on my 40 years working in operations at Schwinn and other companies as well as consulting many companies on how to select the best 3PL for my client's needs. First, look at inventory as MONEY/CASH.

Cost Reduction Strategies 120

Cost Reduction Strategies Inventory Reduction Waste Reduction Vendor Strategies 120

EazyStock

FEBRUARY 11, 2021

Better Inventory Management for eCommerce. As more and more businesses sell online, they are starting to see the impact that eCommerce has on their inventory management operations. In this post we discuss how eCommerce is affecting inventory management strategies. eCommerce impacts inventory management in many ways.

Inventory Management Software 52

Inventory Management Software Inventory Reduction Inventory Management Price Reduction 52

GlobalTranz

MAY 20, 2015

The next posts in the series will break down metrics and issues to consider in SQM by industry and conclude with a case study on the application of SQM. 5 Key Metrics to Use for Scoring Supplier Quality Management (From LNS Research ). Cost of quality. The definition of this metric is similar to the way it sounds.

Procurement Analytics 120

Procurement Analytics Metrics Quality Supply Chain Planning Software 120

Ware2Go

OCTOBER 22, 2021

Learn how to mitigate and avoid dead stock through strategic warehousing and inventory management to lower fixed costs, combat supply chain disruptions, and overcome current peak season challenges. Excess inventory is often caused by supply exceeding demand, resulting in slow-moving inventory that can incur expensive holding costs.

Inventory Reduction 98

Inventory Reduction Negotiating Skills Cost Reduction Strategies Inventory Management Software 98

Turvo

NOVEMBER 23, 2021

Consumers or business owners create a purchase order. But when it comes to small and medium-sized businesses, they don’t really handle inventory on the same scale as the big players. Utilizing supply chain management tools or 3PL partnerships gives a first-mover advantage to large companies.

Supply Chain Software 86

Supply Chain Software Predictive Analytics Software Analytics Software Optimization Software 86

Supply Chain Shaman

DECEMBER 23, 2014

Get Good at Having a Real-time Perpetual Inventory Signal. Foundational for ecommerce is a real-time perpetual inventory (PI) signal. If you are going to be excellent at ecommerce fulfillment, you need to have great perpetual inventory capabilities. No matter where inventory is, put it to work. Don’t fool yourself.

Packaging 289

Packaging Inventory Reduction Supply Chain Design Software San Francisco 289

The Logistics of Logistics

OCTOBER 8, 2012

When you have chosen a 3PL partner, insure that you have an effective Service Level Agreement (SLA) with accompanying Key Performance Indicators (KPIs) to manage the Service Level of the 3PL. This SLA/KPI has to be negotiated and agreed upon by you and your 3PL partner.This negotiation time can take three (3) to Six (6) months.

Third Party Logistics 145

Third Party Logistics Negotiating Skills Purchasing Skills KPI 145

ShipBob

JULY 28, 2021

Want to know the secret to creating a memorable post-purchase experience? How to Choose a 3PL for Your Ecommerce Business. It’s important to note that order fulfillment and inventory management both play a key role in delivery as it can either speed up or slow down the process. Fast, reliable, and consistent delivery.

Optimal Sourcing 98

Optimal Sourcing Optimization Software Inventory Management Software Supply Chain Planning Software 98

GlobalTranz

AUGUST 18, 2015

With an ever-increasing pool of third-party logistics (3PL) providers to outsource shipping needs to, understanding how to select the best 3PL is the difference between reaching your existing customers and gaining a new market share. Fortunately, selecting a 3PL for 2015 and beyond can be broken down into six specific questions.

Logistics Network Optimization Software 120

Logistics Network Optimization Software Analytics Software Company Predictive Analytics Software 120

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. In this post, we take a look at how you can improve your end-to-end supply chain operations and create a seamless workflow to enhance visibility and reduce operational costs.

Optimal Sourcing 52

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

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. High stockout costs combined with low OTIF scores can also help to pinpoint the source.

Optimal Sourcing 52

Optimal Sourcing Real-time Visibility Procurement Analytics Supply Chain Planning 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

Unleashed

OCTOBER 4, 2023

The order fulfilment process covers every step required to get goods to the people who purchase them, from the moment a customer places an order to when they receive their purchase. But cost-saving isn’t the only benefit of an optimised fulfilment process. When these processes are aligned, customer satisfaction improves.

Inventory Reduction 52

Inventory Reduction Sourcing Strategies Resource Reduction Cost Reduction Strategies 52

BlueYonder

JANUARY 5, 2023

In this report, Gartner provides market analysis, strategic recommendations, and a list of Representative Vendors and their offerings for DOMs. Companies can leverage the report to identify vendors in the DOM market whose capabilities match against their goals.

Gartner 75

Gartner Supply Chain Design Software Supply Chain Network Software Modeling Software 75

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. As direct-to-consumer orders continue to increase, this trend in purchasing behavior is also driving the push for agility in MHE.

Material Savings 101

Material Savings Modeling Software Supply Chain Planning Software Analytics Software 101

Logistics Bureau

APRIL 3, 2023

For example, US-based companies may be quite fortunate if they have access to manufacturers right on their doorstep in Mexico, a country with far lower labour costs than the rest of North America. Through collaboration with your procurement partner, you can reduce inventory levels and then potentially downsize your warehouse capacity needs.

Optimal Sourcing 73

Optimal Sourcing Cost Reduction Strategies Material Savings Inventory Reduction 73

ShipBob

OCTOBER 14, 2019

Storing inventory is a necessary part of running any business that sells physical goods. As an ecommerce business, it can be tough to know which inventory storage system is the best for your business. Between self-storage, warehousing and third-party logistics ( 3PL ) providers, how exactly do you know which option is right for you?

Inventory Management Software 40

Inventory Management Software Optimization Software Forecasting Software Logistics Network Optimization Software 40

6 River Systems

AUGUST 19, 2020

Leverage big bata, analytics and optimization Supply chains were driven by numbers and statistics for a long time. Quantifiable performance indicators were always considered key metrics by supply chain executives. Leveraging a 3PL is a viable strategy to increase the profitability of your retail business.

Supply Chain Planning Software 59

Supply Chain Planning Software Supply Chain Software Analytics Software Sustainability 59

ShipBob

MARCH 30, 2020

Ecommerce logistics refers to the processes involved in storing and shipping inventory for an online store or marketplace, including inventory management and the picking, packing, and shipping of online orders. Fulfillment is one of the most critical pieces of ecommerce logistics, which includes: Inventory management.

Logistics Network Optimization Software 90

Logistics Network Optimization Software Logistics Supply Chain Design Software Inventory Management Software 90

Logistics Viewpoints

OCTOBER 31, 2022

ZF transforms those purchased products into over 2,000 products. MSCN solutions provide supply chain visibility, network-based applications, and network analytics. Goods flow to consolidation centers where their 3PL partners scan the parts into a container. Lean cuts inventory out of the supply chain.

Agile and Lean Supply Chain 197

Agile and Lean Supply Chain Supply Chain Design Software Supply Chain Planning Software Lean 197