ToolsGroup

DECEMBER 16, 2021

Embracing constant change and delivering outstanding customer experiences is critically important in the face of today’s increasingly informed consumer. Reach Optimal Inventory Levels by Having the Right Amount of Stock Available. On the flip side, not having enough inventory can result in out-of-stocks and lost sales.

Supply Chain Planning Software 156

Supply Chain Planning Software Supply Chain Planning Retail Scenario Planning 156

Logistics Viewpoints

JANUARY 10, 2024

While the supply chain pressures that have built up over the last two years continue to abate as transportation capacity problems ease and consumption shifts from goods to services, newer challenges and opportunities lie ahead. Most recently, APQC has conducted best practice and benchmarking research on last mile delivery.

Logistics Network Optimization Software 247

Logistics Network Optimization Software Supply Chain Planning Software Supply Chain Software Predictive Analytics Software 247

Silvon Software

JUNE 1, 2023

Continuously engage with stakeholders: Maintain an ongoing dialogue with your stakeholders to keep them informed about your performance and solicit their feedback. This includes procurement, production, transportation, warehousing, and distribution. Implement these changes systematically to drive better material flow performance.

S&OP 103

S&OP Supply and Demand Optimal Sourcing Supply Chain Planning Software 103

SCMDOJO

MARCH 19, 2024

This might involve optimizing inventory levels, negotiating better deals with suppliers, or implementing just-in-time manufacturing techniques. This data can be used to identify areas for improvement and make informed decisions about sourcing, production, and distribution.

Optimal Sourcing 79

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 79

Logistics Bureau

OCTOBER 20, 2021

While having too many KPIs is undoubtedly better than having none, it can impede progress by creating a confused, complex mass of information that becomes difficult to sort out and use as a basis for action. However, every company and its supply chain is unique, so the information in this post is not intended to be prescriptive.

Supply Chain Design Software 79

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software KPI 79

Logility

AUGUST 25, 2020

in inventory write-down and 20% drop in stock value. Would access to better supply chain and IT performance information have helped avert or mitigate these failures? Management must be cognizant of issues of procurement, manufacturing, inventory, and distribution that impact satisfaction and loyalty. Huge loss of IT talent.

Supply Chain Planning Software 173

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 173

Logility

AUGUST 4, 2023

Whether your definition of value includes on-time, in-full (OTIF), inventory reduction or optimization, transportation spend, speed of decision making, supply chain costs, net working capital, or a myriad of other value measures, you know your business better than anyone.

Supply Chain Planning Software 208

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Vendor Strategies 208

ThroughPut

FEBRUARY 2, 2024

Static vs. Dynamic Inventory Management Without Advanced Supply Chain Analytics: Inventory management might be based on static rules or historical sales data, potentially leading to overstocking or stockouts. A company might order the same quantity of a product each month, not accounting for seasonal demand variations.

Prescriptive Analytics Software 52

Prescriptive Analytics Software Analytics Software Supply Chain Planning Software Predictive Analytics 52

SYSPRO Smarter ERP

MAY 29, 2023

Picking completeness Quality of items picked On-time shipment Orders shipped damage-free Number of returns As benchmarks, the Warehousing Education and Research Council (WERC), has noted that the average is 3-4 percent for miss-picks, and 98 percent for on-time shipments. This can help with inventory accuracy.

Warehousing 98

Warehousing Material Savings Expense Reduction Cost Reduction Strategies 98

Supply Chain Game Changer

OCTOBER 29, 2020

Use of Freight Rate Benchmarking. Freight rate benchmarking with real-time data can assist your freight sourcing team to benchmark the rates that you are getting against what is out in the market instantly. Freight rate benchmarking and market intelligence will greatly assist you irrespective of the size of your business.

Sourcing Strategies 75

Sourcing Strategies Negotiating Skills Optimal Sourcing Negotiate Pricing 75

ThroughPut

DECEMBER 6, 2023

Businesses can access historical data, market trends, and other external factors and, by plugging in predictive analytics, gain invaluable insights that streamline inventory management, demand forecasting, transportation planning, risk mitigation, and overall decision-making processes. So, how does predictive analytics help with that?

Predictive Analytics 52

Predictive Analytics Prescriptive Analytics Software Analytics Software Predictive Analytics Software 52

crisp

JANUARY 24, 2024

Imagine having a panoramic view of your product’s journey across all sales channels, understanding intricate customer purchase patterns, and the precise flow of inventory to every store. This feed is designed for suppliers, particularly those who are not category advisors, to benchmark and analyze their book of business.

Procurement Analytics 52

Procurement Analytics Inventory Reduction Report Price Reduction 52

The Network Effect

NOVEMBER 25, 2014

Ratings are good when comparing qualitative information, but is subjective and can be manipulated based on derivation. The journey from ‘good’ to ‘great’ is well underway across many global supply networks. In order to operate a ‘great’ supply network, we must adhere to 2 immutable truths….namely

Material Savings 189

Material Savings Cost Reduction Strategies Inventory Reduction Supply Chain 189

The Logistics & Supply Chain Management Society

JULY 14, 2021

Disconnected algorithms won’t work, because you lose visibility, and then to compensate, you need armies of planners and inventory buffers. With a network-based strategy, you not only see the logistics, transportation planning, and execution, but you can also see the order. extra inventory. Self-adjusting supply chain.

Optimal Sourcing 130

Optimal Sourcing Supply Chain Network Software Optimization Software Network Optimization 130

GlobalTranz

APRIL 8, 2015

New, innovative technology platforms have greatly sped the expansion and evolution of transportation as well as logistic solutions. The transportation management system, or often referred to as TMS, is a great example of how this technology is being used to create a more interconnected space both digitally and physically. Scalability.

Supply Chain Network Software 120

Supply Chain Network Software Logistics Network Optimization Software Demand Planning Software Modeling Software 120

GlobalTranz

APRIL 13, 2015

Efficient management of transportation plays a major role in determining the success rate of an organization’s distribution system. Transportation incurs massive cost to the company thereby making the company strive hard towards achieving maximum returns on investment. We focus on North American over the road transportation.

Supply Chain Design Software 120

Supply Chain Design Software Supply Chain Planning Software Optimization Software Analytics Software 120

Supply Chain Shaman

DECEMBER 29, 2016

In a nutshell, the research states there is a correlation between cost, inventory, and forecast performance. The original AMR Research analysis focused on a benchmarking sample of over 70 companies. This is especially true in an Information Technology department. This does not mean I think forecasting is an unimportant process.

Supply Chain Planning Software 0

Supply Chain Planning Software Inventory Reduction Forecasting Gartner 0

Locus

DECEMBER 7, 2021

Transportation: Trade routes blockage – Congestion at ports. This factor would vary with the mode of transportation we choose and also how optimized our routing is. With heavy volumes of goods and sensitive information to be handled, it is necessary for the supply chain industry to strengthen its cyber security systems.

Supply Chain Disruption 52

Supply Chain Disruption Optimal Sourcing Modeling Supply Chain Planning Software 52

CH Robinson Transportfolio

DECEMBER 13, 2016

/Mexico Shipping Series Part 3: Transportation Success is More than a Low Rate per Mile.Transportfolio by C.H. More than ever before, shippers have better access to information, and better quality information about how to find transportation savings. Another customer faced climbing inventory carrying costs.

Mexico 34

Mexico Expense Reduction Inventory Reduction Cost Reduction Strategies 34

GlobalTranz

JULY 26, 2017

Through advanced transportation management systems ( TMSs ) and greater automation, shippers can reap an unparalleled competitive advantage. This may be accomplished automatically through machine-to-machine systems, “The Internet of Things,” or by leveraging Big Data to give decision makers the information they need to create the best system.

Analytics Software 122

Analytics Software Supply Chain Design Software Demand Planning Software Logistics Network Optimization Software 122

Unleashed

FEBRUARY 1, 2023

This feeds into effective inventory management and supply chain planning , and ensures customers receive their goods in a way that is cost-effective, timely and satisfactory for their requirements. Efficient demand planning ensures the business can balance its supply chain requirements and inventory planning with its customer demands.

Supply and Demand 52

Supply and Demand Demand Planning Supply Chain Planning Software Demand Planning Software 52

GlobalTranz

APRIL 25, 2016

Inventory measurement is critical and it is money after all in that it took a capital expense to procure. The goal is to keep inventory levels at a minimum to meet customer needs. Review Inventory turns and Return on Assets. It is the main measurement benchmark in measuring supply chain performance, isn’t it?

Procurement Analytics 120

Procurement Analytics Supply Chain Performance Metrics Supply Chain Software 120

GlobalTranz

MARCH 7, 2016

As explained by Bruce Tompkins , improving the supply chain includes improving service levels through better inventory management, reducing operating costs, reducing order-cycle time, achieving 100-percent accuracy, improving supply chain security and control, and improving flexibility.

Procurement Analytics 120

Procurement Analytics Analytics Software Analytics Supply Chain Planning Software 120

Freight Plus

MARCH 20, 2020

Ultimately, a truly cross-functional team with hands in IT, finance, logistics, distribution, transportation, merchandising, etc should be involved. Retailers expect their partners to use and be proficient with modern inventory management tools. Do you have proper inventory visibility? Is your EDI up to snuff?

Vendor Strategies 52

Vendor Strategies Inventory Reduction Cost Reduction Strategies Inventory Management Software 52

Supply Chain Shaman

JULY 24, 2014

SAP SNC has been disappointing, as has their work on inventory optimization and demand sensing. We see in our benchmarking work that SAP APO takes three times longer to install and has a lower ROI than best-of-breed software. Oracle is different. Their solution is based on acquisitions. They are in worse shape than SAP.

Supply Chain Planning Software 240

Supply Chain Planning Software Supply Chain Design Software Network Design Software Supply Chain Network Software 240

GlobalTranz

DECEMBER 1, 2014

Benchmark DC Systems to Handle the Volume. Make your Inventory Omni-Channel. For a handful of huge shippers and retailers, it makes sense to divide inventory into one stream for traditional replenishment and another for e-commerce fulfillment. Here are 5 tips to prepare any shipper to master the art of holiday logistics.

DC 244

DC Supply Chain Planning Software Logistics Network Optimization Software Supply Chain Planning 244

Freight Plus

MARCH 20, 2020

Ultimately, a truly cross-functional team with hands in IT, finance, logistics, distribution, transportation, merchandising, etc should be involved. Retailers expect their partners to use and be proficient with modern inventory management tools. Do you have proper inventory visibility? Is your EDI up to snuff?

Vendor Strategies 52

Vendor Strategies Inventory Reduction Cost Reduction Strategies Inventory Management Software 52

Precoro

MAY 19, 2023

By setting benchmarks for metrics, analysts can recognize unsettling trends and take preventive measures on time. Inventory is one of the most important assets of any company, as it’s the basis for generating revenue. The relation is expressed as a ratio of average inventory divided by the net sales over a period of time.

Procurement Analytics 98

Procurement Analytics Metrics Supply Chain Planning Software Supply Chain Software 98

Logistics Viewpoints

AUGUST 9, 2022

While consumers may see some short-term benefit in the form of discounted goods, many retailers have had to reset investor expectations , reflecting the expected hit on margins from carrying so much inventory. Inventory management is challenging enough in normal times. So, what is it going to take to enable better inventory management?

Inventory Management Software 224

Inventory Management Software Inventory Management Inventory Reduction Supply Chain Planning Software 224

ShipBob

APRIL 15, 2024

That means you must see a sufficient return on your inventory investment. In other words, you need to make more money selling your inventory than you spent to acquire, store, and fulfill orders with it. In this post, we’ll cover what GMROI is and why it’s important for your retail inventory management.

Inventory Reduction 52

Inventory Reduction Material Savings Price Reduction Cost Reduction Strategies 52

DynaSys

FEBRUARY 3, 2021

Some examples may be rules restricting availability of transport stock and routes, laws limiting workforce liberties or effectiveness, short-term working capital guidelines, etc. Income and consumer confidence data, unemployment rates by region and by sector, and sales in benchmark industries like hotels and air travel are worth considering.

Modeling 98

Modeling Supply Chain Planning Software Scenario Planning Supply Chain Planning 98

GlobalTranz

OCTOBER 21, 2015

For example: Inventory Record Accuracy has to be 98-100% accurate daily. The Transportation Management System (TMS) of the 3PL can gain rewards for both parties as well through freight optimization. All KPIS have a target percentage to meet. All KPIS have metrics to measure. Effective KPI Management Requires Periodic SLA/KPI Review.

KPI 120

KPI Negotiating Skills 3PL Optimal Sourcing 120

Supply Chain Opz

NOVEMBER 9, 2014

Research from APQC’s Open Standards Benchmarking in procurement shows that organizations without formal SRM programs report 121 percent longer supplier lead times. Reducing lead times from suppliers can help turn inventory faster, freeing up cash and ultimately satisfying customers. What can you do? These are three examples: Rule 3.1:

Waste Reduction 274

Waste Reduction Cost Reduction Strategies Supply Chain Planning Software Inventory Reduction 274

20Cube Logistics

FEBRUARY 3, 2022

Inventory got depleted in warehouses with no shipper coming to take it away. Delays in transportation led to the supply chain sphere incurring huge amounts of loss. It is a popular saying in the logistics sector that having excess inventory is a bane and the industry had no other option but to deal with this bane.

Supply Chain Design Software 76

Supply Chain Design Software Supply Chain Planning Software Agile and Lean Supply Chain Supply Chain Design 76

GlobalTranz

JULY 13, 2015

Many of the following distribution center metrics to track closely mirror those found within transportation and manufacturing, but this listing will focus on those involved in distribution centers. The overall goal of the distribution center is to make sure that freight makes into the correct mode of transportation at the appropriate time.

Procurement Analytics 120

Procurement Analytics Metrics Distribution Inventory Reduction 120

GlobalTranz

JANUARY 10, 2017

Consequently, all processes, including inventory management, logistics, data analytics and ongoing performance management, as reiterated by the staff of Supply Chain 24/7, improvement, can be optimized, creating a more efficient, direct and intelligent supply chain network. Supply Chain Methodologies and Intellectual Capacity Grew.

Agile and Lean Supply Chain 120

Agile and Lean Supply Chain Manufacturing Procurement Optimal Sourcing Procurement Analytics 120

Logistics Bureau

NOVEMBER 16, 2020

Another option is to work in a warehouse, or in transport, or maybe in customer service where you are dealing with people all the time. A common route into supply chain management is a bachelor’s degree in supply chain management, logistics, or international transport. Track KPIs and benchmark the supply chain’s performance.

Supply Chain Planning Software 96

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