Logistics Viewpoints

JUNE 1, 2023

And future supply chains will rely on effective data collection, advanced analytics, automation, and control towers augmented with AI/ML technology. Sustainability Regulations (Greenhouse Gas Reduction) Today, retailers are one of the most significant contributors to plastic packaging, representing 40% of global plastic usage.

Supply Chain Planning Software 193

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Supply Chain Software 193

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

Supply Chain Shaman

SEPTEMBER 17, 2014

The script will be distributed to CFOs of apparel, consumer packaged goods, and food/beverage companies next week. There are three reasons why: Vertical excellence—having the best manufacturing, procurement or transportation function—has not worked. The use of channel data into advanced analytics to sense demand.

Optimal Sourcing 301

Optimal Sourcing Supply Chain Design Software Supply Chain Planning Software Manufacturing Procurement 301

Silvon Software

APRIL 29, 2022

Key performance indicators (KPIs) in inventory management are metrics that help you monitor and make decisions about your stock. The Stratum data hub collects, organizes and stores data from multiple sources and serves as a single version of the truth for helping our clients analyze performance KPIs and metrics across their businesses.

Optimal Sourcing 106

Optimal Sourcing Inventory Reduction Procurement Analytics Price Mitigation Strategies 106

Supply Chain Shaman

JANUARY 2, 2023

Using this logic, a grocery retailer’s forecast could project demand for 3-5 months (typical), while a consumer-packaged goods (CPG) company’s forecast could be 12-18 months, and a pharmaceutical company’s forecast could be 4-5 years. The root issue is functional metrics. Take Advantage of New Forms of Analytics.

Supply and Demand 358

Supply and Demand Modeling Demand Planning Supply Chain Planning Software 358

Elementum

AUGUST 31, 2022

The supply chain management process is comprised of a number of steps, which can usually be organized into five categories: Planning and forecasting Sourcing and procurement Manufacturing Logistics Handling returns As demonstrated by the recent food supply chain issues , a failure in one area can lead to disaster.

Supply Chain Planning Software 78

Supply Chain Planning Software Supply Chain Design Software Manufacturing Procurement Supply Chain Planning 78

Unleashed

APRIL 21, 2024

Conversely, the order fulfilment process in this example might include picking the packets of coffee beans from the warehouse shelf, packaging them securely with the correct shipping label, and dispatching them for delivery to the customer’s address. Shipping: The order is handed over to a delivery service.

Inventory Management Software 52

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

Logistics Viewpoints

DECEMBER 14, 2021

Integrated forecasting, store replenishment, warehouse procurement, purchase order creation, operational constraints such as storage space, unloading capacity, and commercial agreements such as vendor lead times, minimum order quantities, packaging configurations can hugely improve productivity and accuracy in the planning processes.

Supply Chain Planning Software 193

Supply Chain Planning Software Forecasting Software Supply Chain Design Software Optimization Software 193

Silvon Software

SEPTEMBER 28, 2023

Silvon has noticed over the past several years that a shift towards a modern data hub architecture to support enterprise analytics and reporting has been driven by a number of key business drivers. Once integrated, the data is made “analytics ready” and securely available to users. Why Consider a Data Hub?

Procurement Analytics 94

Procurement Analytics Report Data Optimal Sourcing 94

American Global Logistics

SEPTEMBER 12, 2023

It involves coordinating and integrating various activities, from procurement to production to distribution, to ensure the seamless flow of goods and services. Big Data analytics Artificial intelligence and machine learning enable predictive analytics and demand forecasting, facilitating better decision-making.

Sourcing Strategies 52

Sourcing Strategies Optimal Sourcing Supply Chain Planning Software Supply Chain Software 52

ThroughPut

FEBRUARY 23, 2024

You can conveniently work with the right suppliers by analyzing pricing, quality, and delivery times as the system helps you identify reliable suppliers, thereby, streamlining the procurement processes. Leveraging AI in the supply chain for risk management means: You can predict potential risks with AI’s powerful data analytics in real-time.

Predictive Analytics Software 59

Predictive Analytics Software Supply Chain Planning Software Optimal Sourcing Predictive Analytics 59

Unleashed

JANUARY 29, 2024

Using metrics such as inventory turnover rate , sell-through rate, and gross margin return on investment allows you to monitor your inventory performance more effectively. By removing obsolete or slow-moving SKUs and ones with outdated ingredients, packaging, or claims you can then identify and introduce new SKUs.

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Waste Reduction Resource Reduction 52

ShipBob

NOVEMBER 15, 2021

Additional tools like free standard packaging, data and analytics, and our best-in-class software are included at no extra charge to help you stay on budget and plan your logistics. Procurement and manufacturing. Treat procurement and manufacturing as part of your logistics network , as opposed to a silo. Planning tips.

Supply Chain Planning Software 98

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

Supply Chain Shaman

AUGUST 16, 2015

Based on reporting from the Wall Street Journal, the company hired Morgan Stanley to shop the company and package it for sale in 2014 with an expected evaluation of 800M$. The goal is deeper analytics to sense and respond across make, source and deliver. 2) Advanced Analytics. I am not surprised.

Prescriptive Analytics Software 150

Prescriptive Analytics Software Supply Chain Network Software Supply Chain Design Software Analytics Software 150

ShipBob

NOVEMBER 24, 2021

Fulfillment managers oversee all fulfillment -related activities in an ecommerce company, — including order processing and confirmation, inventory tracking and planning, picking, packing, and shipping preparations — to ensure that all orders are received, packaged, and delivered accurately and in a timely manner. Desired Skills.

Optimal Sourcing 52

Optimal Sourcing Analytics Software Supply Chain Planning Software Optimization Software 52

Supply Chain Game Changer

JULY 29, 2021

Australia too sent immediate support package of ventilators, oxygen tanks and PPE Kits. Saudi Arabia shipped 80 Metric tonnes of liquid oxygen to India and Portugal assured 20,000 litres of oxygen per week to India along with 5503 vials of Remdesvir. Luxembourg and Sweden sent 58 and 120 ventilators respectively.

India 105

India Supply Chain Saudi Arabia Portugal 105

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. Inventory Analytics. Read more: The 10 Procurement Metrics that Matter in 2021. Cloud technology accelerates.

Inventory Management Software 80

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

Supply Chain Shaman

SEPTEMBER 17, 2015

In the evolution of today’s analytics most companies are evaluating concurrent optimization of transactional data. We are just beginning to understand how to use sentiment data and new forms of analytics. As shown in Figure 3, the period of 2015-2020 will be about analytics. Figure 6 is an analytics maturity model.

Prescriptive Analytics Software 150

Prescriptive Analytics Software Supply Chain Design Software Supply Chain Planning Software Analytics Software 150

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. Why supply chains are going digital.

Supply Chain Planning Software 97

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

ShipBob

SEPTEMBER 24, 2021

Warehouse key performance indicators (KPIs) are metrics associated with warehouse performance. Below is a breakdown of the different warehouse KPIs by type and what metrics to follow. Here are the essential metrics to track, so you can measure the effectiveness of your warehouse inventory management process. Inventory KPIs.

Optimal Sourcing 52

Optimal Sourcing Warehousing Inventory Reduction Inventory Management Software 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. Setup your quality control area as close as possible to the packaging area. Reduce travel time by storing the most frequently picked items in accessible locations.

Optimal Sourcing 81

Optimal Sourcing Optimization Software Price Mitigation Strategies Modeling 81

Logistics Bureau

NOVEMBER 16, 2020

It touches many departments, from production, procurement, shipping, accounting, and finance to marketing, warehousing, research and development, and sales. The main lack of talent is in middle management, especially in big data analytics and supply chain planning, where the shortage is around 54%. Supply Chain Analyst.

Supply Chain Planning Software 96

Supply Chain Planning Software Supply Chain Design Software Negotiating Skills Buyer Training 96

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. Costs such as raw materials, packaging, and shipping can increase at any time. Examples are production costs, customer acquisition, packaging, and shipping costs.

Cost Reduction Strategies 52

Cost Reduction Strategies Material Savings Price Reduction Inventory Reduction 52

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. You want to ensure your customers automatically receive ecommerce order tracking once their package ships. Strong analytical skills.

Inventory Reduction 59

Inventory Reduction Optimal Sourcing Price Reduction Cost Reduction Strategies 59

NC State SCRC

DECEMBER 28, 2015

For instance, we know that e-commerce will continue to drive smaller package size, and will drive up volumes even further. (UPS UPS and FedEx both saw package volumes soar by 17% or more during the Christmas season over last year). Prediction 1 – Supply Chain Analytics Will Become More Predictive (Not Backward Looking).

Predictive Analytics Software 40

Predictive Analytics Software Predictive Analytics Supply Chain Design Software Supply Chain Planning Software 40

IQMS

MAY 24, 2018

Measuring your progress towards the goal of excelling as a supplier provides the needed analytics, metrics and KPIs that are essential for providing direction and intensity of effort in your company’s culture to always excel.

Manufacturing Procurement 41

Manufacturing Procurement Manufacturing Supply Chain Planning Software Supply Chain Design Software 41

Material Handling & Logistics

JUNE 25, 2018

So the CSR score too is more of a popularity contest than a consistent metric. In fact, BMW has adopted any number of digital production technologies, such as data analytics, smart logistics and 3D printing. Printer-friendly version. Media Type. Media Credit. Privacy Settings. anonymous user. DataTable subpages. Media Image.

Gartner 81

Gartner Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 81

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. You want to ensure your customers automatically receive ecommerce order tracking once their package ships. Strong analytical skills.

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Price Reduction Cost Reduction Strategies 52

Supply Chain Action Blog

JULY 8, 2021

Amanda has been using some of the common metrics for forecast accuracy, including MAPE (mean absolute percentage error) and weighted MAPE, but the statistical forecast doesn’t seem to improve and the qualitative inputs from marketing and sales are hit or miss. Amanda’s company just bought a commercial forecasting package.

Forecasting 40

Forecasting Forecasting Software Optimal Sourcing Modeling 40

Intelligent Audit

NOVEMBER 10, 2021

From standard packaging to oversized loads to hazardous materials and more, having ample options to choose from makes it easier to match loads to carriers and get shipments on the road. Be transparent about goals and set clear parameters regarding volume expectations, performance, success rates, and other critical metric milestones.

Optimal Sourcing 52

Optimal Sourcing Network Optimization Software Network Optimization Supply Chain Network Software 52

ShipBob

DECEMBER 12, 2022

In this article, we’ll break down what COGS is, why it’s important for your business, and how to calculate it, and how to use it in relation to other important metrics. . Cost of goods sold, or “COGS” for short, refers to the amount of money your business spent to produce or procure the products that you sold. Cost per unit.

Purchasing Skills 52

Purchasing Skills Procurement Analytics Procurement Solutions Manufacturing Procurement 52

6 River Systems

JUNE 10, 2019

You also have to consider storage costs, warehouse maintenance costs, ordering new items, packaging, vendor costs — all these require spending money. Taulia engages with their audiences emotionally and measures all their activity analytically to accelerate customer adoption and growth. Supply chain is a critical point of entry.

Sourcing Strategies 88

Sourcing Strategies Vendor Strategies Inventory Reduction Cost Reduction Strategies 88

6 River Systems

JULY 25, 2019

Additionally, the advancements and constant changes in technology and analytics play a huge role in supporting the success or failure of a modern day supply chain. In the meantime, companies need to make sure they have the most talented negotiators and leaders heading up their procurement and supply chain functions.

Supply Chain Planning Software 96

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

Requis

OCTOBER 30, 2020

Because one of the major costs in a business, if you take in procurement and cost of goods, is supply chain. It comes down to understanding of technologies, systems, and analytics. People still need to know the basics, but the big change is in the analytics area. They’re loading programs and using analytical tools in house.

Manufacturing Procurement 52

Manufacturing Procurement Optimal Sourcing Sourcing Strategies Sourcing 52

6 River Systems

JUNE 29, 2020

Finally, leaders reduce disruption by building buffers throughout the supply network and invest in advanced analytics to improve planning and forecasting accuracy.” ” — Matt Reynolds, Opinion: As COVID-19 Precipitates Big Consumer Shift, Omnichannel Adapts , Packaging World; Twitter: @packagingworld 8.

Supply Chain Planning Software 116

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Modeling 116

6 River Systems

NOVEMBER 25, 2020

Technology can also help you track trucks and packages and even plan in the long-term, compared to only planning for what is happening now. Justin is a thought leader and subject matter expert in the data, analytics and supply chain space with a focus on the consumer products and retail industries.

Cost Reduction Strategies 52

Cost Reduction Strategies Inventory Reduction Waste Reduction Resource Reduction 52