ShipBob

JANUARY 28, 2022

In this article, we break down what inventory KPIs entail, why they matter, and which metrics are most valuable for you to track. . Key performance indicators (KPIs) are the quantifiable metrics companies use to gauge their progress toward a specific goal. . Not sure what those metrics are? Cost per unit. Backorder rate.

Inventory Management Software 98

Inventory Management Software Inventory Management Inventory Reduction Inventory 98

BR Williams Supply Chain Management

DECEMBER 14, 2021

A family-owned trucking, third-party logistics (3PL ), and eCommerce fulfillment company , BR Williams was awarded this title through FreightWaves Ratings. It collects insights from industry experts so potential partners can make informed purchases. They are considered a trusted source in the industry.

Alabama 98

Alabama Company Third Party Logistics Logistics Network Optimization Software 98

ToolsGroup

DECEMBER 20, 2021

Every major publication and news outlet is reporting on the supply chain crisis. Most of the reporting has been pretty shallow, leaving all to wonder how it can be solved. . Image source: Bloomberg. Image source: American Journal of Transportation. Get the Report. Macro Supply Chain Issues Caused a Ripple Effect.

Supply Chain Disruption 194

Supply Chain Disruption Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 194

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

Talking Logistics

OCTOBER 29, 2013

What is this going to cost? You could answer them with a purchase order (P.O.) Besides providing fast, thorough answers to customers, today’s ERP, cloud-based SaaS, or 3PL-operated systems enable companies to manage the order lifecycle, control information and cargo flows, and reduce the total cost of goods.

Pricing Training 145

Pricing Training Purchasing Skills Purchasing Training Negotiating Skills 145

ShipBob

JANUARY 15, 2024

In this guide, we’ll explore the main causes of inventory glut, innovative strategies to tackle it, and how working with a 3PL can help reduce inventory risk. In fact, according to a report , two-thirds of retailers had excess inventory during the 2023 holiday season last year. What is inventory glut?

Inventory Reduction 52

Inventory Reduction Price Reduction Cost Reduction Strategies Waste Reduction 52

ShipBob

NOVEMBER 29, 2023

And two days ago a few units were reported stolen. Ultimately, it results in struggles with business spending, purchasing, and productivity. To ensure regular and thorough inventory management, a third party logistics ( 3PL ) provider like ShipBob can really help. The stock list says that you have 100 units of an SKU.

Purchasing Skills 52

Purchasing Skills Inventory Inventory Management Software Forecasting 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. 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

JULY 28, 2021

Want to know the secret to creating a memorable post-purchase experience? How to Choose a 3PL for Your Ecommerce Business. Post-purchase, if your delivery system lacks in visibility and reliability, it can lead to higher shipping costs and slower transit times. Advanced data and analytics. Download the Guide.

Optimal Sourcing 98

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

Talking Logistics

NOVEMBER 15, 2016

He defines each lever in the clip below, but in a nutshell, Assurance is about making sure you’re paying the right amount of money, Efficiency is about simplifying and facilitating all of the processes involved, and Insight is about “moving beyond providing reports and helping companies get value from this source of data.”.

Freight 0

Freight Analytics Software Procurement Analytics Sourcing Strategies 0

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

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. This manufacturer has 188 production locations across the world.

Agile and Lean Supply Chain 197

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

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

3rdwave

AUGUST 7, 2019

These challenges are: Information Accessibility – visibility, reporting & analysis, communication. Transportation Cost Management. Access to shipment tracking details, from origin to destination, is readily available through carrier and 3PL self-serve websites. Reporting and Analysis. Visibility.

Global Transportation 75

Global Transportation Transportation Management Purchasing Skills Negotiating Skills 75

Zipline Logistics

DECEMBER 1, 2020

Right now, we are seeing a shift away from the big box brand purchasing that defined the spring of 2020 to food trends more in line with what we have seen over the past several years. Those cutting-edge technologies are enabling companies to create personalized nutrition plans for users based on biological metrics.

Food 52

Food Trends Manufacturing Procurement Procurement Analytics 52

ShipBob

SEPTEMBER 29, 2021

In 2020, global retail sales exceeded $23 trillion and experts predict ecommerce demand to continue expanding. Partnering with the right 3PL takes the challenges that come with managing retail logistics off your plate and puts it into the hands of experts. . Procuring inventory. Receiving & processing inventory.

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. Competitive advantage: When it comes to making a purchase , customers usually have several options to choose from.

Inventory Reduction 52

Inventory Reduction Sourcing Strategies Resource Reduction Cost Reduction Strategies 52

GlobalTranz

JULY 12, 2016

An effective measurement and reporting process can improve performance and provide warehouse cost savings. One 3PL-managed distribution center for a major U.S. manufacturer adopted a work measurement program to gauge and report warehouse performance at the employee level. Implement a reward system for major victories.

Material Savings 120

Material Savings Cost Reduction Strategies Waste Reduction Optimal Sourcing 120

Locus Robotics

MARCH 9, 2023

4. Artificial intelligence and machine learning AI and ML offer manufacturers powerful predictive analytics that transform manufacturing supply chain management by improving forecasting accuracy and speed, supporting better decision-making, and reducing operational costs.

Supply Chain Software 52

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

GlobalTranz

DECEMBER 18, 2014

All metal fabricators realize that they have to do some analyses before the company purchases equipmen t or hires new people, but now there seems to be a new intensity about the process. Use a Third Party Logistics Company : A prominent report supports the rising using of 3PLs as a way for shippers to take a competitive advantage.

Manufacturing Procurement 236

Manufacturing Procurement Manufacturing Purchasing Skills Sourcing Strategies 236

GlobalTranz

JULY 22, 2016

and the compounded annual growth rate is expected to stay at or above 10 percent over the next half-decade, reports William B. Furthermore, companies with a surplus of services, such as extra trucks, can benefit by turning their existing logistics capabilities into sources for other logistics providers. Is there a shipping cost?

Logistics Network Optimization Software 120

Logistics Network Optimization Software Modeling Software Analytics Software Optimization Software 120

Locus

JUNE 3, 2022

billion metric tons—the emissions have rebounded in 2021 and 2022. Source: Statista.com. Planning : Processes are designed to reduce emissions and meet demand with ethical sourcing. Circular supply chains are supported, and end-of-life scenarios are predicted. Ethical sourcing of goods. parts per million.

Negotiating Skills 52

Negotiating Skills Negotiate Pricing Purchasing Skills Optimal Sourcing 52

ModusLink Corporation

MARCH 30, 2023

According to data shared by Vue.AI , “more than 60% of online shoppers say that they look at a retailer’s return policy before making a purchase. According to industry data experts , “Salesforce reported a 63% spike in returns during November and December, year over year (Ravishankar and Rao).”

Sourcing Strategies 78

Sourcing Strategies Reverse Logistics Inventory Reduction Cost Reduction Strategies 78

GlobalTranz

FEBRUARY 16, 2016

This is the first of a two-part series where I will curate and cull information from my 4 decades of experience in logistics cost reduction at various positions in the supply chain. In this first part, I will focus on 6 places that you can apply to your organization to reduce costs and increase profit.

Cost Reduction Strategies 120

Cost Reduction Strategies Inventory Reduction Vendor Strategies Material Savings 120

Locus

DECEMBER 22, 2021

The World Economic Forum’s report on the “future of the last-mile ecosystem” states that 85% of delivery mileage from freight delivery are majorly responsible for emissions and congestion driven by commercial vehicles. The growth in e-commerce purchases has increased the demand for returns through the same channel.

Logistics Network Optimization Software 52

Logistics Network Optimization Software Supply Chain Planning Software Supply Chain Software Modeling 52

ShipBob

AUGUST 5, 2020

It’s also a great foundation for a strong online marketing strategy as it provides premium marketing tools, such as SEO features and advanced ecommerce analytics. . Source your products. Before you build an online store, you need to source your products. Budget ecommerce owners. Conduct market research. Start designing.

Purchasing Skills 99

Purchasing Skills Manufacturing Procurement Sourcing Strategies Optimal Sourcing 99

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. A Focus on Inventory Control Begets Warehouse Cost Reductions.

Cost Reduction Strategies 120

Cost Reduction Strategies Inventory Reduction Waste Reduction Vendor Strategies 120

GlobalTranz

DECEMBER 17, 2014

So, for a direct response marketer, it’s actually more expensive to not have EDI integration, because without it you’re closed off from potential sources of business. For this reason alone, EDI integration is well worth its initial implementation cost. and a remittance is $12.96. Myth: It’s Disruptive.

Supply Chain Network Software 233

Supply Chain Network Software Supply Chain Software Sourcing Strategies Expense Reduction 233

Talking Logistics

MAY 11, 2017

The purchasing department needs solutions that can be rolled out quickly and easily to new forwarders and the ability to send all of the required information on shipment structures for tenders at the push of a button. Even complex tasks in delivery networks can be flexibly realized.

Chemicals 101

Chemicals Logistics Network Optimization Software Supply Chain Planning Software Logistics 101

ShipBob

JULY 30, 2021

Imagine this scenario: A customer browses sunglasses on your online store but leaves without making a purchase. L ater, while they’re browsing through their Instagram feed, they notice an ad displaying a previously viewed product and a 20% discount off their first purchase. They click on the ad, which leads to a purchase.

Omnichannel 52

Omnichannel Inventory Management Software Forecasting Software Optimization Software 52

3rdwave

NOVEMBER 29, 2018

In a constantly shifting and competitive global trading environment, it is increasingly important to control all costs across the entire supply chain. While global freight cost varies significantly by industry and transportation mode, it is a major cost component of internationally sourced products.

Optimal Sourcing 88

Optimal Sourcing Global Transportation Negotiating Skills Supply Chain Optimization 88

Unleashed

JANUARY 16, 2023

When your business is receiving more orders than it’s possible to fulfil in-house, third-party logistics (3PL) can mean the difference between disappointing customers and capitalising on that success. In this guide to third-party logistics: What is 3PL? 3PL providers are experts when it comes to shipping and logistics.

Third Party Logistics 98

Third Party Logistics Logistics Network Optimization Software 3PL Inventory Management Software 98

Talking Logistics

DECEMBER 16, 2015

Well, my big audacious prediction for 2015 did not come true. Google did not acquire a third-party logistics (3PL) company or a logistics software vendor. How will transportation, inventory, and sourcing policy decisions change in light of this cheap oil environment? Abercrombie & Fitch Inc. and L Brands Inc.’s

Predictive Analytics Software 120

Predictive Analytics Software Supply Chain Planning Software Supply Chain Design Software Logistics Network Optimization Software 120

FLEXE

JUNE 14, 2018

Now, its two-day promise isn’t even its fastest offer—for many Amazon purchases, next- or same-day delivery is available and free. Assumptions and intuition don’t drive business decisions, quantifiable metrics do. Post-purchase operations can feel like it’s out of your hands. Hiring a third-party logistics (3PL) provider.

Procurement Analytics 34

Procurement Analytics Purchasing Skills Procurement Solutions Resource Reduction 34

FLEXE

JUNE 14, 2018

Now, its two-day promise isn’t even its fastest offer—for many Amazon purchases, next- or same-day delivery is available and free. Assumptions and intuition don’t drive business decisions, quantifiable metrics do. Post-purchase operations can feel like it’s out of your hands. Hiring a third-party logistics (3PL) provider.

Procurement Analytics 34

Procurement Analytics Purchasing Skills Procurement Solutions Resource Reduction 34

Supply Chain Game Changer

JANUARY 6, 2022

If you look back on the last time you visited an eCommerce store and made a purchase, it was likely sometime this week or during the holiday peak rush. ECommerce stat roundup from Red Stag | Source. More than half of shoppers say they’ll abandon a purchase because of an unexpected cost. ECommerce Store in Conclusion.

Optimal Sourcing 66

Optimal Sourcing Purchasing Skills Supply Chain Design Software Supply Chain Planning Software 66

Material Handling & Logistics

JANUARY 15, 2019

More devastation from different natural disasters seems to have been reported in the last year than we’re typically used to seeing. His 30-year career includes working at a global 3PL and a leading U.K. As climate change drives up the regularity of natural disasters, supply chains must rely on real time data to thrive. . . . .

Supply Chain Planning Software 87

Supply Chain Planning Software Pharmaceutical Puerto Rico Supply Chain Software 87