Remove Analytics Remove Metrics Remove Procurement Remove Texas
article thumbnail

How To Manage A Lean Supply Chain

ShipBob

To make their supply chains more lean, retailers can explore different supply chain optimization techniques throughout procurement, production, and distribution, or outsource supply chain management to a 3PL. As long as you are tracking the right metrics, data reveals where you can eliminate waste within your supply chain.

article thumbnail

Your Expert Guide to Inventory Audits: Best Practices & Tips 

ShipBob

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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

E2open’s 22.4 Technology Update Deepens Network Coverage Across All Supply Chain Ecosystems to Minimize Disruption Risks

E2open

AUSTIN, Texas – Dec. release includes innovations such as advanced analytics to better align rebate and incentive programs with corporate goals, helping increase returns on channel investments. 8, 2022 – E2open Parent Holdings, Inc. “Our 22.4 Rapid return on investment starts with speedy implementation.

article thumbnail

Five Advanced Technologies That Are Revolutionizing Logistics

Logistics Viewpoints

Artificial intelligence (AI), machine learning (ML), predictive analytics and robotics once seemed incredibly sophisticated and out of reach — but today they’re easily accessible to every company. By also considering carrier performance metrics, the decision engine can intelligently balance cost with service.

article thumbnail

28 supply chain professionals share the biggest challenges of supply chain management

6 River Systems

University of North Texas. 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. The primary ways to overcome this challenge: Invest in data and analytics. from Washington University St. Louis, M.S.

article thumbnail

Three Logistics Imperatives for Managing Uncertainty in 2022

Logistics Viewpoints

This dramatically cuts down on the physical and analytical demands placed on supply chain professionals every day. As transportation management solutions automate the processes of procuring carriers, planning truckloads and determining optimal routes, the result is a huge productivity boost.