Logility

SEPTEMBER 16, 2022

Why do we build logistics models? I am often asking clients whether they wish to: A) Model the precise general ledger costs for logistics? If I am making a good model, am I not accurately modeling my future logistics spend? What is a Good Logistics Model? A good logistics model is designed to predict the future.

Modeling 130

Modeling Modeling Software Optimization Modeling Logistics Network Optimization Software 130

Oracle SCM

MARCH 15, 2018

With the pressures of customer driven demand affecting businesses today, having strong logistics end-to-end capabilities contribute to a seamless end-to-end supply chain execution, leading to better orchestration and optimization.

Benchmarking 90

Benchmarking Logistics Network Optimization Software Logistics eBook 90

Supply Chain Shaman

APRIL 27, 2022

At each company, there is a relationship between the metrics of growth, margin, inventory, customer service, and asset strategy. When we compare the results of P&G to its peer group for 2012-2021, P&G outperforms in inventory turns and margin but underperforms in growth and asset utilization. Was this by design? My reasoning?

Procurement Analytics 332

Procurement Analytics Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software 332

Logistics Viewpoints

MARCH 27, 2023

As demand forecasting accuracy increases, and the standard deviation associated with the forecast decreases, the need to hold “just in case” inventory also goes down. This leads to lower inventory carrying costs and thus better case flow. Demand forecasting should be tightly integrated to an inventory optimization application.

Forecasting 189

Forecasting Forecasting Software Modeling Optimal Sourcing 189

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. Inventory turnover is expressed as a financial ratio.

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Inventory Price Reduction 52

Logility

DECEMBER 15, 2023

With the combination of advanced inventory management, modern demand planning, and a finely sales and operations process, F&B businesses can navigate fluctuating customer demands, stringent regulations, and a steady flow of new product launches. The time is ripe to move forward with supply chain transformation.

Optimal Sourcing 175

Optimal Sourcing Supply Chain Planning Software Optimization Software Supply Chain Software 175

Unleashed

MAY 2, 2022

There are a lot of inventory performance measures you could track. Explore our live inventory calculators and formulas page. In this article on inventory performance measures. Why use performance measures for inventory management? Then you will need to know the inventory value at the end of the period.

Inventory Reduction 98

Inventory Reduction Inventory Inventory Management Software Procurement Analytics 98

The Logistics & Supply Chain Management Society

SEPTEMBER 14, 2023

Management of Ocean Transit Time Reliability and Visibility by LSCMS Shippers’ Council How would Logistics managers explain to their COO and Production group that inbound material will arrive on 23Dec but with 50% probability? but when demand slowed, the pressure to reduce inventory becomes a lot higher.

Rail Software 244

Rail Software Real-time Visibility Supply Chain Planning Software Predictive Analytics Software 244

Unleashed

OCTOBER 4, 2021

Here we break down the inventory management strategies of seven successful manufacturers and retailers around the globe. These examples show there isn’t a benchmark inventory management strategy that trumps all others.

Inventory Reduction 97

Inventory Reduction Vendor Strategies Inventory Management Software Waste Reduction 97

The Logistics & Supply Chain Management Society

OCTOBER 15, 2023

Pre-Procurement Before commencing on a Procurement Exercise, it’s important to collaborate with internal stakeholders, including procurement teams, logistics departments, and related teams, to ensure alignment on objectives, requirements, and budgets. Regular review and report on service providers’ performance against these benchmarks.,

Optimal Sourcing 130

Optimal Sourcing Procurement Sourcing Strategies Freight 130

Logistics Bureau

SEPTEMBER 8, 2020

What are the things that people get wrong in inventory? Robobyrne: Sins In Inventory Management. Supply Chain Secrets: Why Supply Chain Inventory Should Matter to the Finance Pros. Supply Chain Secrets: Why Supply Chain Inventory Should Matter to the Finance Pros. Forecast. ??? ??? Best Regards, Rob O’Byrne.

Inventory 53

Inventory Forecasting Inventory Management Benchmarking 53

Logistics Viewpoints

OCTOBER 2, 2023

This allows the company to do some interesting benchmarking. Elenjickal points out that there is a difference between transportation visibility – where the truck or plane or ship is, inventory visibility – visibility to where stock keeping units are located across the end-to-end network, and order visibility.

Real-time Visibility 219

Real-time Visibility Supply Chain Visibility Inventory Reduction Agile and Lean Supply Chain 219

Logistics Viewpoints

AUGUST 15, 2022

This will almost surely lead to high cycle times in fulfilling orders, the inability for both to production plan, inventory shortages or delivery disruptions caused by delays, and/or high inventory safety stocks and costs due to poor supply order management. Networks and Benchmarking. Supplier Due Diligence.

Supply Chain Network Software 218

Supply Chain Network Software Manufacturing Procurement Procurement Analytics Optimal Sourcing 218

Unleashed

JANUARY 24, 2022

Maintaining healthy levels of Maintenance, Repair and Operations (MRO) inventory is essential to the smooth running of your manufacturing, distribution or wholesaling operation – even if MRO goods aren’t part of your final products. Learn more: What is Inventory Management? Techniques for 2022 What is MRO inventory?

Inventory Reduction 98

Inventory Reduction Inventory Management Software Procurement Solutions Supply Chain Software 98

Logistics Viewpoints

JANUARY 3, 2023

The opportunity for better demand planning at retail, wholesale, and distributor/franchise channels comes from the availability of data representing consumer sales as well as external data such as weather, sector benchmarks, and price monitoring applications. To read the full article, click HERE.

Modeling 202

Modeling Supply and Demand Supply Chain Optimization Optimization Modeling 202

Resilinc

DECEMBER 21, 2023

In this blog, we will look at the supply chain and logistics impact of the Red Sea ship attacks and discuss what businesses can do now to preserve supply chain resilience. Mediterranean Shipping Company (MSC): A global shipping and logistics company. Ocean Network Express (ONE): A shipping and vehicle logistics company.

Supply Chain Planning Software 61

Supply Chain Planning Software Shipping Supply Chain Software Logistics Network Optimization Software 61

Logistics Bureau

JULY 18, 2017

If you’ve heard about the opportunities and benefits that warehouse performance benchmarking can put within reach of your supply chain organisation, you might understandably be keen to get a benchmarking project under way. Some Common-sense Warehouse Benchmarking Metrics. Other Warehouse Performance Benchmarking Metrics.

Benchmarking 41

Benchmarking Supply and Demand Metrics Warehousing 41

ToolsGroup

JULY 6, 2023

Inbound Logistics Top 100 2023 April 2023 – Every April for the past 25 years, Inbound Logistics editors have selected 100 logistics technology companies that enable logistics and supply chain excellence. Read the press release here. See ToolsGroup’s listing on FeaturedCustomers here. Read the press release here.

ToolsGroup 295

ToolsGroup Supply Chain Planning Software Supply Chain Planning Optimal Sourcing 295

GlobalTranz

DECEMBER 1, 2014

When you are prepared, typically, you have contingency, which also means you can absorb any issues that could possibly drive up costs in your logistics department. . Here are 5 tips to prepare any shipper to master the art of holiday logistics. Benchmark DC Systems to Handle the Volume. Make your Inventory Omni-Channel.

DC 244

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

Logistics Bureau

APRIL 19, 2022

Related articles on this topic have appeared throughout our website, check them out: A Concise Guide to Inventory KPIs for Your Business. How to Select the Right KPIs for Supply Chain Benchmarking. KPI Key Performance Indicators in Supply Chain & Logistics. KPIs for Your Warehouse: How to Choose and Use Them.

Warehousing 77

Warehousing KPI Benchmarking Analysis 77

Supply Chain Collaborator

JULY 21, 2016

In its 2016 Global Transportation Management Benchmark Study, American Shipper reveals a great deal of data about who is using TMS, who should be using TMS and why. It is not news that the largest shippers by volume are the biggest segment of TMS users having used logistics IT solutions for decades.

Benchmarking 60

Benchmarking Study Inventory Reduction Cost Reduction Strategies 60

SCMDOJO

MARCH 19, 2024

This might involve optimizing inventory levels, negotiating better deals with suppliers, or implementing just-in-time manufacturing techniques. These functions include procurement, production planning, inventory management, logistics, and customer service.

Optimal Sourcing 74

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 74

Logistics Viewpoints

NOVEMBER 23, 2020

In supply chain management, it is widely accepted that holding enough finished goods inventory to fulfill every order is just too costly. The thinking goes that at some point, improving service levels means you are not adding inventory in a linear manner but rather exponentially. The company has visibility to demand and inventory.

Customer Service 192

Customer Service Supply and Demand Logistics Network Optimization Software Supply Chain Planning Software 192

Logistics Bureau

OCTOBER 30, 2017

Many people get really confused about KPIs or Key Performance Indicators in Logistics and Supply Chain operations. Cost as a percentage of sales (Logistics or Supply Chain). Inventory stock turns in Days. Free Supply Chain Benchmarking Chapter. Inventory management. Inventory levels. Total logistics cost.

KPI 94

KPI Guinea-Bissau Virgin Islands Papua New Guinea 94

ShipBob

DECEMBER 3, 2021

To thrive in a competitive ecommerce marketplace, businesses need streamlined supply chains that deliver on customers’ expectations — and to achieve that goal, you’ll need experienced logistics professionals. The Director of Logistics is one of the important logistics professionals for growing ecommerce companies to hire.

Negotiating Skills 52

Negotiating Skills Logistics Network Optimization Software Supply Chain Planning Software Optimal Sourcing 52

Freightos

APRIL 16, 2017

The Logistics Trend Behind The Latest Trend. He writes content for many of the world’s largest logistics companies, as well as on his own blog site. And yet, the mechanism behind this, the business of logistics, is underappreciated. The logistics function within shipper’s operations bears the most direct pressure.

Logistics Network Optimization Software 135

Logistics Network Optimization Software Trends Supply Chain Design Software Supply Chain Planning Software 135

ThroughPut

JANUARY 28, 2019

Through the targeted use of Artificial Intelligence (AI), Machine Learning and other technologies, leading global innovators are constantly trying to enhance the effectiveness of their inventory management. What one can’t ignore, however, is all the external factors that also directly, and indirectly, affect inventory processes.

Optimal Sourcing 94

Optimal Sourcing Optimization Software Supply Chain Software Supply Chain Planning Software 94

Logility

JANUARY 10, 2023

With access to data from across the business ecosystem and vendor systems, supply chain organizations can gain these insights to measure variability in demand, lead time, production capacity, throughput performance, resource availability, and logistics plans.

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Design Software Modeling Supply Chain Software 130

ThroughPut

JUNE 24, 2022

Mounting expectations of supersonic speed and efficiencies between suppliers and business partners of all types further underscores the need for the industry to leverage the prowess of the Artificial Intelligence (AI) in supply chains and logistics. ACCURATE INVENTORY MANAGEMENT. AI in Supply Chains – The Business Advantages.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Design Software Logistics Network Optimization Software Supply Chain Software 98

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. 3PLs and Logistics Operations – What’s Changed? 3PLs and Logistics Operations – What’s Changed?

Logistics Network Optimization Software 83

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

Logistics Viewpoints

JULY 12, 2021

To ensure quality, they have a mystery shopper program, and they benchmark themselves against their competitors. It is easier to deliver what stores need, when they need it, with the ability to provide “hot shot” shipments if a store runs out low on inventory before the next shipment is scheduled.

Supply Chain Planning Software 194

Supply Chain Planning Software Supply Chain Planning Inventory Reduction Expense Reduction 194

Talking Logistics

JULY 19, 2013

XPO Logistics to Acquire 3PD, the Largest Provider of Heavy Goods, Last-Mile Logistics in North America. Source data is a combination of reference and benchmark data from third parties as well as econometric models and formulas. HighJump Software Acquires Evenex. SAP Announces Second Quarter and First Half Results 2013.

Logistics Network Optimization Software 132

Logistics Network Optimization Software Supply Chain Planning Software Supply Chain Design Software Modeling Software 132

Logistics Bureau

OCTOBER 20, 2021

In many cases, your distribution operation will incur unwanted costs to manage returns of damaged items and deliver replacements to the customers (not to mention the cost of writing off damaged inventory). Inventory Days of Supply. How to Calculate Inventory Days of Supply. Average sales in a month: 600. The Par Level System.

Supply Chain Design Software 80

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software KPI 80

Silvon Software

JUNE 1, 2023

The KPIs here highlight procurement, production, logistics, and customer fulfillment. Inventory turnover: Evaluate how quickly materials are moving through the supply chain by measuring the number of inventory turnovers within a given period. Implement these changes systematically to drive better material flow performance.

S&OP 93

S&OP Supply and Demand Optimal Sourcing Supply Chain Planning Software 93

ToolsGroup

MARCH 17, 2021

“Starting from pre-implementation we align on target key performance indicator (KPI) levels and benchmark progress to accelerate time to value. Because our customers around the globe can meet or exceed their service level requirements while minimizing inventory, they’re ready for whatever tomorrow brings.”

Optimal Sourcing 120

Optimal Sourcing Supply Chain Planning Software Demand Planning Software ToolsGroup 120

Stord

AUGUST 5, 2020

August 6, 2020 Stord is thrilled to announce our partnership with the Environmental Protection Agency as a SmartWay Logistics Company , just a few months since expanding our freight capabilities. As a shipper, this data is necessary to develop industry benchmarks for carbon footprint.

Waste Reduction 78

Waste Reduction Supply Chain Design Software Inventory Reduction Cost Reduction Strategies 78

Supply Chain Game Changer

DECEMBER 3, 2019

Featuring Our 10 Best Inventory Management Articles! The company I had just joined went to market declaring that it was a world leader in Distribution and Logistics. Looking at recent and historical Inventory performance I could see that turnover always stayed around 5-6 turns with little variation.

Inventory Reduction 56

Inventory Reduction Supply Chain Planning Software Inventory Supply Chain Strategy 56