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

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 134

Logistics Network Optimization Software Trends Supply Chain Design Software Supply Chain Planning Software 134

GlobalTranz

SEPTEMBER 24, 2018

E-commerce is expanding to reach $1 trillion by 2025, and demand for more products and services among the world’s shippers is keeping third-party logistics providers, like Cerasis, on their toes. Increased complexity may be the result of additional shipping volume and the use of the freight consolidation and the consolidation program.

Transportation Management 210

Transportation Management 3PL Logistics Network Optimization Software Supply Chain Network Software 210

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

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 18, 2021

The priority of each pick based on shipping deadlines can compete with travel minimization and also evolves in its level of importance throughout the day. For example, in the morning, we may want to maximize picking density to improve the efficiency of our pickers without much concern about shipping deadlines. Dynamic Slotting.

DC 256

DC Optimization Software Demand Planning Software Supply Chain Planning Software 256

Zipline Logistics

DECEMBER 2, 2019

Big box stores now keep a low, agile inventory that is built for quick turnaround and replenishment from its suppliers. To keep that inventory properly supplied and functioning as intended, stores now require that vendors have basically error-free supply chains. What Does that Mean for Your Retail Shipping Efforts?

Negotiating Skills 52

Negotiating Skills Cost Reduction Strategies Shipping Retail 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

Unleashed

APRIL 9, 2024

However, OTIF measures the delivery performance of complete orders shipped on time, whereas OTD focuses solely on the timeliness of deliveries, regardless of order completeness. This can happen when you prioritise shipping dates over order completeness or speed over accuracy. For example, let’s say you report an OTIF rate of 95%.

Vendor Strategies 52

Vendor Strategies Inventory Reduction Waste Reduction Cost Reduction Strategies 52

Silvon Software

JULY 22, 2022

Working with three core ratios – the days of inventory, days of payables and days of receivables, the cash-to-cash time cycle KPI visualizes the period required between the moment a company pays its suppliers and the moment it receives cash from its customers. Inventory KPIs and Metrics for Managing Supply Chain Performance.

Metrics 81

Metrics Manufacturing Procurement Supply Chain Planning Software Supply Chain Strategy 81

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

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 134

Logistics Network Optimization Software Supply Chain Planning Software Supply Chain Design Software Modeling Software 134

GlobalTranz

DECEMBER 10, 2015

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 OmniChannel.

DC 120

DC Supply Chain Planning Software Logistics Network Optimization Software Supply Chain Planning 120

The Logistics of Logistics

JANUARY 26, 2016

They allow you to set benchmarks and improve your business practices. Accuracy of Inventory Records. Your capacity to meet customer demands hinges on your ability to accurately report inventory. When you can account for inventory down to the item, you can better respond to customer needs. Are you backlogged?

Warehousing 100

Warehousing KPI Inventory Reduction Cost Reduction Strategies 100

Supply Chain Game Changer

OCTOBER 29, 2020

Knowing the cargo, the packing, and shipping requirements will enable the team to select the most suitable supplier from the database. Use of Freight Rate Benchmarking. Freight rate benchmarking and market intelligence will greatly assist you irrespective of the size of your business. Freight Shipping Intelligence.

Sourcing Strategies 75

Sourcing Strategies Negotiating Skills Optimal Sourcing Negotiate Pricing 75

Intelligent Audit

APRIL 27, 2021

Demonstrating value by measurable performance relies on automated logistics, focused supply chain KPIs , and fine-tuned financial metrics. Late deliveries — customers want fast shipping that is reliable and affordable. Shipping timelines and delivery statistics, including accuracy and corrections in general ledger coding.

Supply Chain Software 52

Supply Chain Software Negotiating Skills Supply Chain Planning Software Supply Chain Optimization 52

The Logistics & Supply Chain Management Society

JULY 14, 2021

Logistics Supply Chain. 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.

Optimal Sourcing 130

Optimal Sourcing Supply Chain Network Software Optimization Software Network Optimization 130

Supply Chain Shaman

AUGUST 12, 2020

The topic of the meeting was the logistics to launch of the AMR Research Top 25. After six months of analysis, we decided the best fit was the combination of growth, inventory turns, operating margin, and Return on Invested Capital. Note that while the company drove improvement in margin, there is underperformance in inventory turns.

Gartner 239

Gartner Supply Chain Software Procurement Analytics Manufacturing Procurement 239

Material Handling & Logistics

DECEMBER 3, 2018

According to APQC Open Standards Benchmarking data, organizations that are median, or midpoint, performers on this measure have a perfect order index of 90. In other words, 10% of orders being shipped by companies who are median performers have some form of failure or defect, so 10% of order recipients are disappointed.

Manufacturing Procurement 100

Manufacturing Procurement Supply Chain Software Inventory Reduction Supply Chain Planning Software 100

Logistics Bureau

AUGUST 2, 2021

Whether you’re planning to benchmark your supply chain or simply trying to improve how you measure its performance, it makes sense to know a little about the most commonly used KPIs for each supply chain component. 7 Procurement KPIs You Should be Using. Cost per Purchase Order and Cost per Invoice. Best Regards, Rob O’Byrne.

Procurement Analytics 98

Procurement Analytics Procurement Solutions Optimal Sourcing Procurement 98

Supply Chain Matters

AUGUST 11, 2022

In this particular assessment, we reflect on our prediction that cost inflation trends that occurred among global logistics and transportation modes last year, would be unsustainable, and would drive remediation efforts. The goal seems one of creating a fill-services door-to-door transportation and logistics services provider.

Predictive Analytics Software 52

Predictive Analytics Software Supply Chain Planning Software Cost Reduction Strategies Supply Chain Strategy 52

GlobalTranz

JULY 13, 2015

Additionally, the use of metrics fosters positive relationships with coworkers and adherence to rulesets and best practices for the respective third-party logistics provider (3PL). On-Time Shipping. This involves monitoring for the late departure of shipping containers as well as premature completion of a specific freight loading time.

Procurement Analytics 120

Procurement Analytics Metrics Distribution Inventory Reduction 120

Supply Chain Game Changer

NOVEMBER 19, 2018

From planning to negotiating to buying, from moving goods to processing goods, and from managing data to managing inventory. And competitive pressures and benchmarking results will also add to the need to reduce costs and/or be more productive. From the outbound perspective the Supply Chain also arranges logistics and delivery.

Negotiating Skills 84

Negotiating Skills Cost Reduction Strategies Purchasing Skills Inventory Reduction 84

NC State SCRC

JUNE 26, 2023

” My interest in this area led me to conduct some benchmarking research from professionals who are experienced in the acquisition and implementation of warehouse management systems. He was involved in deploying the MA system for a number of consumer brands and retailers, including Cabela’s, REI, Puma, and Regal Logistics.

Supply Chain Design Software 52

Supply Chain Design Software Inventory Management Software Supply Chain Planning Software Optimization Software 52

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

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

RFgen

APRIL 28, 2023

This analysis allows you to observe critical areas within your operation, including inventory, order management, material handling, and various components of warehouse management. The integration of warehouse technology allows organizations to collect data points across the warehouse and improve inventory and other processes.

Cost Reduction Strategies 52

Cost Reduction Strategies Inventory Reduction Waste Reduction Expense Reduction 52

Freight Plus

MARCH 20, 2020

While logistics, sales, and accounting all have a hand in invoicing at various stages, shippers that have a dedicated vendor chargeback owner perform best against their peers. Ultimately, a truly cross-functional team with hands in IT, finance, logistics, distribution, transportation, merchandising, etc should be involved. Spotify. ,

Vendor Strategies 52

Vendor Strategies Inventory Reduction Cost Reduction Strategies Inventory Management Software 52

Freight Plus

MARCH 20, 2020

While logistics, sales, and accounting all have a hand in invoicing at various stages, shippers that have a dedicated vendor chargeback owner perform best against their peers. Ultimately, a truly cross-functional team with hands in IT, finance, logistics, distribution, transportation, merchandising, etc should be involved. Spotify. ,

Vendor Strategies 52

Vendor Strategies Inventory Reduction Cost Reduction Strategies Inventory Management Software 52

Locus

DECEMBER 7, 2021

Africa-based executives had by far the highest rate of reporting logistics shocks (48%), not a surprising result given the poor state of infrastructure across much of the continent. million barrels of oil a day go through the canal, according to shipping journal Lloyd’s. That’s about 7% of all seaborne oil.

Supply Chain Disruption 52

Supply Chain Disruption Optimal Sourcing Modeling Supply Chain Planning Software 52

GlobalTranz

OCTOBER 21, 2015

This is the first post in an ongoing series on effective KPI management from third party logistics consultant, Chuck Intrieri, of The Lean Supply Chain. . Many logistics service providers will provide their customers with an SLA. For example: Inventory Record Accuracy has to be 98-100% accurate daily. Collaboration.

KPI 120

KPI Negotiating Skills 3PL Optimal Sourcing 120

Logistics Viewpoints

AUGUST 9, 2022

For months, retailers have been stockpiling massive amounts of goods to meet surging consumer demand, and compensate for ongoing supply and logistics issues. Just last year many were chartering their own cargo ships to get all these goods to their destinations.) Inventory management is challenging enough in normal times.

Inventory Management Software 224

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

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? Read more.

Procurement Analytics 120

Procurement Analytics Supply Chain Performance Metrics Supply Chain Software 120

Veridian Solutions

JANUARY 8, 2020

The use of an order management system can dramatically improve product cycle times, reduce errors in order fulfillment , and lend itself to better inventory management strategies. Additional benefits include improved inventory management , better order accuracy, and real-time order status reports to improve customer service.

Supply Chain Planning Software 53

Supply Chain Planning Software Inventory Management Software Analytics Software Demand Planning Software 53

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

Zipline Logistics

JANUARY 24, 2020

Logistics is a critical function for CPG suppliers selling into big-box retail locations. Despite its importance, many brands, irrespective of sophistication, have encountered issues with consistently meeting these benchmarks. We have a few tips on how to make logistics improvements to increase OTIF performance.

Vendor Strategies 52

Vendor Strategies Cost Reduction Strategies Inventory Reduction How To 52

Supply Chain View from the Field

NOVEMBER 11, 2014

As more data becomes available in the grocery and retail environment, organizations are re-thinking their supply chain processes to drive increased automation, improved performance, and increased inventory turns. All of the companies we benchmarked have a different systems and analytics capability.

Analytics Software 68

Analytics Software Supply Chain Planning Software Supply Chain Design Software Forecasting Software 68